date:Jun 17, 2014
The board of directors for the Hillshire Brands Co. has recommended terminating the companys agreement to acquire the Pinnacle Foods Group, Parsippany, N.J., and move forward with being acquired by Tyson Foods, Inc., Springdale, Ark., for approximately $8.5 billion. The ball is now in Pinnacle Foods court.
In accordance with the terms of the Pinnacle Foods agreement, on June 9, 2014, the Hillshire Brands board provided written notice to the board of Pinnacle Foods that it intended to change its