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Stock Market & Financial Investment News

News Breaks
May 12, 2014
08:36 EDTBX, PF, HSHHillshire Brands sees Pinnacle Foods deal closing in September
Says Blackstone (BX) has agreed to vote its shares in favor of the transaction. The company will retain the Hillshire Brands (HSH) name. Sees deal immediately accretive to EPS, 15%+ accretive in year 3. Sees $140M in cost synergies by end of year 3, primarily derived from supply chain enhancements and consolidation of overhead expenses. Sees approximately $180M in estimated costs to achieve synergies. Says integration teams from both organizations "ready to go," will implement plans to achieve synergies and facilitate a smooth integration after closing. Says focused on de-levering to return to investment grade. Says overall top priority to support continued organic growth. Comments from slides that will be presented on the conference call discussing the acquisition of Pinnacle Foods (PF).
News For HSH;PF;BX From The Last 14 Days
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September 2, 2015
16:28 EDTBXBlackstone invests in PMI Group
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August 25, 2015
19:48 EDTBXWirecard joins bidding for Worldpay with $9.4B offer, Bloomberg says
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