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Stock Market & Financial Investment News

News Breaks
August 13, 2014
10:03 EDTHSH, PFPinnacle Foods says Hillshire Brands failed deal caused 'six weeks' distraction
Pinnacle Foods (PF) says it has not lost any key executives following the "six weeks of distraction" caused by its aborted merger with Hillshire Brand (HSH). The company said it lost six weeks to investigate other M&A during that time, but that Pinnacle plans to be a consolidator and is back and active on exploring M&A opportunities. Comments from Pinnacle Foods' Q2 earnings conference call.
News For PF;HSH From The Last 14 Days
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May 5, 2015
09:15 EDTPFPinnacle Foods 5M share Spot Secondary priced at $40.95
BofA/Merrill acted as sole book running manager for the offering.
May 4, 2015
16:49 EDTPFPinnacle Foods files to sell 5M shares of common stock for holders
Pinnacle Foods (PF) announced that certain of its stockholders, which are entities affiliated with Blackstone (BX), intend to offer for sale in an underwritten secondary offering 5M shares of the company's common stock, pursuant to the company shelf registration statement filed with the SEC. Upon successful completion of the offering, Blackstone will no longer beneficially own any of Pinnacle's common stock. BofA Merrill Lynch is acting as bookrunner for the offering.
April 30, 2015
08:17 EDTPFPinnacle Foods backs FY15 EPS ex-items view $1.86-$1.91, consensus $1.89
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08:16 EDTPFPinnacle Foods reports Q1 EPS ex-items 39c, consensus 39c
Reports Q1 revenue $665.3M, consensus $661.79M.

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