date:Jul 01, 2014
. The termination payment provides us with increased optionality in executing our strategy.
Prakash A. Melwani, Blackstone Senior Managing Director and Chief Investment Officer, Private Equity, added, We believe strongly in the Pinnacle management team and have confidence in the Company's value creation opportunity for all shareholders. The unsolicited offer from Hillshire was one that our Board could not ignore, in part because the large equity component provided potential significant upside