SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMCNet:  SHAREHOLDER ALERT: Brower Piven Announces the Investigation of Pinnacle Foods Inc. in Connection with the Proposed Sale of the Company to The Hillshire Brands Company

[May 12, 2014]

SHAREHOLDER ALERT: Brower Piven Announces the Investigation of Pinnacle Foods Inc. in Connection with the Proposed Sale of the Company to The Hillshire Brands Company

STEVENSON, Md. --(Business Wire)--

The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Pinnacle Foods Inc. ("Pinnacle" or the "Company") (NYSE: PF) and other violations of state law by the board of directors of Pinnacle relating to the proposed buyout of the Company by The Hillshire Brands Company ("Hillshire").

Under the terms of the agreement, each share of Pinnacle common stock will be exchanged for $18.00 in cash and 0.50 shares of Hillshire common stock, with an implied purchase price of $36.02 per share. The firm's invesigation seeks to determine, among other things, whether the Company's board of directors breached their fiduciary duties by failing to maximize shareholder value before agreeing to enter into this transaction, and whether Hillshire is underpaying for Pinnacle shares.


If you currently own common stock of Pinnacle and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, click here: http://www.browerpiven.com/currentinvestigations.html.

You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616. Attorneys at Brower Piven together have more than a century of experience litigating securities and other class action cases.


[ Back To Technology News's Homepage ]

OTHER NEWS PROVIDERS







Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2014 Technology Marketing Corporation. All rights reserved | Privacy Policy