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Pinnacle Foods (PF) RSS Feed

Followers
1
Posters
10
Posts (Today)
0
Posts (Total)
32
Created
03/20/13
Type
Free
Moderators

Pinnacle Foods IPO setup for Thursday March 28th


                                      Pinnacle Foods sees IPO pricing at $18-$20 a share (Watch it open up $25+ as usual) 

Blackstone is no joke folks


-- Pinnacle Foods Inc. expects its initial public offering of 29 million common shares to price between $18 and $20 a share.

The packaged-food maker earlier this month raised the tentative amount it planned to raise to $632.5 million from the estimated $100 million IPO it originally filed for in December.

Pinnacle Foods, backed by private-equity firm Blackstone Group LP (BX), manufactures packaged foods under its Birds Eye frozen foods and Duncan Hines grocery brands. Other Pinnacle labels include Vlasic, Van de Kamp's and Mrs. Butterworth's.

The New Jersey-based company said affiliates of Blackstone will continue to own a majority of its voting shares after the IPO is completed. Blackstone acquired Pinnacle in April 2007 in a roughly $2.16 billion deal.

The company intends to trade on the New York Stock Exchange under the symbol PF.

Their brands include the following:

*Duncan Hines, Hungry Man, Bird's Eye, Snyder of Berlin, Mrs. Pauls, Open Pit, Log Cabin, Comstock, Husmans, Aunt Jemima Frozen, Hawaiian Snacks, Armour, Bernsteins, Brooks, Mrs. Butterworths, Lenders, Celeste, El Restaurante, Nalley, Van de Kamps, Vlasic, Tim's Cascade Snacks, Erin's, Bird's Eye Voila*

Volume:
Day Range:
Last Trade Time:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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