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Stock Market & Financial Investment News

News Breaks
June 11, 2014
13:45 EDTHSH, PF, TSNPinnacle mulls seeking higher break fee as Hillshire won't back deal, WSJ says
Hillshire Brands (HSH) privately notified Pinnacle Foods (PF) earlier this week that it does not plan to recommend a merger with Pinnacle to its shareholders, and Pinnacle is now considering whether to hold Hillshire to its merger agreement or seek more money to agree to terminate its deal, according to The Wall Street Journal, citing people familiar with the matter. Hillshire's board has previously said that it has not approved or signed any deal to be acquired by Tyson (TSN), which has proposed to acquire it for $63 per share in cash. Reference Link
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