date:Aug 13, 2013
Pinnacle, home to labels such as Birds Eye and Duncan Hines, said that it expected a tax benefit of about $125 million because the all-cash deal was structured as an asset purchase.
Pinnacle, which went public in March, said it would fund the deal with cash on hand and debt.
The portfolio being acquired includes a broad range of liquid and dry-mix salad dressing flavors under the Wish-Bone and Western brand names, Pinnacle said on Monday.
Unilever will continue to manufacture the brands for n