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Hillshire to buy Pinnacle, in merger of meat and veggies
date:May 13, 2014
Hillshire Brands Co said on Monday it would buy Pinnacle Foods Inc in a $4.3 billion deal that will combine its lineup of Jimmy Dean sausages and Hillshire lunch meats with Pinnacle's Birds Eye frozen vegetables and Vlasic pickles.

Shares of Hillshire fell 5 percent after the announcement of the cash-and-stock deal, which analysts said dashed some investor hopes that Hillshire would be bought by a larger company.

The deal, Hillshire's third in a year, will make the Chicago-based company the ow

12/21 23:59