|[May 12, 2014]
SHAREHOLDER ALERT: Brower Piven Announces the Investigation of Pinnacle Foods Inc. in Connection with the Proposed Sale of the Company to The Hillshire Brands Company
STEVENSON, Md. --(Business Wire)--
The securities litigation law firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty to current shareholders of Pinnacle Foods Inc.
("Pinnacle" or the "Company") (NYSE: PF) and other violations of state
law by the board of directors of Pinnacle relating to the proposed
buyout of the Company by The Hillshire Brands Company ("Hillshire").
Under the terms of the agreement, each share of Pinnacle common stock
will be exchanged for $18.00 in cash and 0.50 shares of Hillshire common
stock, with an implied purchase price of $36.02 per share. The firm's
invesigation seeks to determine, among other things, whether the
Company's board of directors breached their fiduciary duties by failing
to maximize shareholder value before agreeing to enter into this
transaction, and whether Hillshire is underpaying for Pinnacle shares.
If you currently own common stock of Pinnacle and would like to learn
more about the investigation being conducted by Brower Piven, without
cost or obligation to you, click here: http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven either
by email at firstname.lastname@example.org
or by telephone at (410) 415-6616. Attorneys at Brower Piven together
have more than a century of experience litigating securities and other
class action cases.
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