Food & Beverage M&A » By The Online Investor Staff, updated Wed., Apr. 24, 9:25 PM
Recent mergers and acquisitions in the Food & Beverage M&A category.
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Slide #39. Pinnacle Foods Inc. — Wish-Bone Salad Dressings
Acquirer:
Pinnacle Foods Inc. (PF)
Acquiree:
Wish-Bone Salad Dressings
Details:
Pinnacle Foods Inc. (NYSE: PF) today announced that it has completed the previously-announced acquisition of the Wish-Bone salad dressings business from Unilever PLC for $575 million in cash, subject to a customary post-closing inventory adjustment. The acquisition was funded through a combination of cash on hand and new debt.
Pinnacle Foods is a holding company. Co. is a manufacturer, marketer and distributor of convenience food products. Co.'s operations are managed and reported in four operating segments: frozen, which is comprised of the retail businesses of Co.'s legacy frozen brands, including vegetables, complete bagged meals, frozen dinners and entrees, among others; grocery, which is comprised of the retail businesses of Co.'s grocery brands; boulder, which is comprised of the retail businesses of Co.'s health and wellness lifestyle brands; and specialty, which includes Co.'s snack products (Tim's Cascade and Snyder of Berlin) and all of its U.S. foodservice and private label businesses.
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Avg. Broker Rec.
 
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Hold (2.31 out of 4) 83rd percentile
(ranked higher than approx. 83% of all stocks covered)
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