Conagra Brands to buy Pinnacle Foods for $10.9 billion

Written on: June 27, 2018 by SprayTM

Conagra Brands, the maker of Reddi-wip, is set to acquire all outstanding shares of Pinnacle Foods in a cash and stock transaction valued at approximately $10.9 billion, including Pinnacle Foods’ outstanding net debt. The transaction will Reddi Wip new recipeexpand Conagra’s presence in frozen foods and snacks with brands such as Birds Eye, Duncan Hines, Earth Balance, Hawaiian Kettle Style Potato Chips, Hungry-Man, Udi’s, Vlasic, Wish-Bone and more.