date:May 13, 2014
a total of about $700 million in Pinnacle in 2007 and 2010, stands to make a capital gain in realized and yet-to-be realized profits in excess of $2 billion, according to a person familiar with the financial details.
Hillshire's advisers are Centerview Partners and Goldman Sachs, while Pinnacle's are Bank of America Merrill Lynch and Blackstone Advisory Partners.
Skadden, Arps, Slate, Meagher Flom LLP is legal adviser to Hillshire, while Simpson Thacher Bartlett LLP is advising Pinnacle.