Conagra is Buying Pinnacle Foods in a $10.9 Billion Deal
- Conagra has agreed to buy Pinnacle Foods in a $10.9 billion deal.
- The deal will pay Pinnacle shareholders $43.11 per share in cash and 0.6494 shares of Conagra stock for each Pinnacle share.
- Pinnacle shareholders will own 16% of the combined company.
(AP) — Conagra is buying Pinnacle Foods Inc. in a cash-and-stock deal valued at about $10.9 billion that will help the food company expand in the frozen food and snacks categories...