date:May 27, 2014
Hillshire Brands Co. investor Eminence Capital LLC, one of the meat companys 20 largest shareholders, plans to vote against the $4.3 billion deal to acquire Pinnacle Foods Inc.
In buying Pinnacle, Hillshire is paying a high price for a mediocre set of assets, Eminence Chief Executive Officer Ricky Sandler said in an interview. The transaction has a real possibility of getting voted down by shareholders, he said. Eminence owned more than 1.35 million Hillshire shares as of March 31, according t