Pinnacle Foods Inc. (PF)
Buyer: Conagra Brands, Inc. (CAG)
Pursuant to the proposed transaction, announced on June 27, 2018 and valued at approximately $10.9 billion, Pinnacle Foods stockholders will receive $43.11 and 0.6494 shares of Conagra common stock for each Pinnacle Foods common stock. Our investigation concerns whether Pinnacle Foods’ board of directors failed to adequately shop the company and obtain the best possible price for its stockholders before entering into a definitive merger agreement with Conagra.
To learn more about the Pinnacle Foods investigation go to:https://bespc.com/pinnaclefoods/.