|[May 12, 2014]
INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of Pinnacle Foods Inc. and Its Board of Directors in Connection with the Sale of the Company to The Hillshire Brands Company -- PF
NEW YORK --(Business Wire)--
Levi & Korsinsky is investigating the Board of Directors of Pinnacle
Foods Inc. ("Pinnacle" or "the Company") (NYSE:PF) for possible breaches
of fiduciary duty and other violations of state law in connection with
the sale of the Company to The Hillshire Brands Company ("Hillshire")
Click here to learn more about the investigation: http://zlk.9nl.com/pinnacle-foods-pf,
or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Pinnacle shareholders will receive
$18.00 n cash and 0.5 shares of Hillshire common stock for each share
of Pinnacle stock they own. The proposed transaction is valued at
approximately $4.3 billion. The investigation concerns whether the
Pinnacle Board of directors breached their fiduciary duties to
stockholders by failing to adequately shop the Company before agreeing
to enter into this transaction, and whether Hillshire is underpaying for
Pinnacle shares. In particular, at least one financial analyst set a
target high price for Pinnacle stock at $35.00 per share.
If you own Pinnacle common stock and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at email@example.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/pinnacle-foods-pf.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please feel
free to contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
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