date:May 27, 2014
a spokesman for Chicago-based Hillshire, didnt respond to a request for comment.
Under the terms of the deal, announced May 12, Pinnacle investors will receive $18 in cash and half a share of Hillshire Brands for every Pinnacle share they own. The total price was almost 20% higher than Pinnacles closing price on May 9, the last trading day before the transaction was disclosed. Including debt, the deal is valued at about $6.6 billion.
Hillshire shares dropped as much as 7.4% on the day the pur