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Pinnacle Foods steps aside

Pinnacle Foods Inc. has terminated its merger agreement with the Hillshire Brands Co., Chicago. The move paves the way for Tyson Foods, Inc., to acquire Hillshire for a purchase price in excess of $8 billion. Pinnacle Foods said it is entitled to receive a cash...

Hillshire shooting for the center

CHICAGO — The Hillshire Brands Co.’s proposed $6.6 billion acquisition of the Pinnacle Foods Group will give the company greater leverage in the center of the retail store. Hillshire currently has strong positions in the refrigerated meat and frozen meat and sandwich...

Snyder’s-Lance shakes up portfolio

CHARLOTTE, N.C. — Two transactions this week have set the stage for Snyder’s-Lance, Inc. to reshape its portfolio with a heightened focus on branded products, particularly in growth categories such as “better-for-you.” On May 7, Snyder’s-Lance agreed to acquire...