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Slide #51. Pinnacle Foods Inc. — Wish-Bone Salad Dressings
Pinnacle Foods Inc. (PF)
Wish-Bone Salad Dressings
Pinnacle Foods (NYSE: PF) today announced that it has entered into a definitive agreement to acquire the Wish-Bone salad dressings business from Unilever PLC, in a transaction that is expected to be immediately accretive to Pinnacle. The acquisition, which is subject to customary closing conditions, is expected to be completed in late Q3 or early Q4 2013.
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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Hold (2.31 out of 4)
(ranked higher than approx. 84% of all stocks covered)
Based on Zacks ABR data;
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