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Hillshire Brands withdraws recommendation of pending merger with Pinnacle Foods
date:Jun 18, 2014
The Hillshire Brands Company (HSH) announced that its board of directors has unanimously determined to withdraw its recommendation of the pending acquisition of Pinnacle Foods.

In light of the previously disclosed $63.00 per share all-cash unilaterally-binding proposal from Tyson Foods. (TSN) to acquire Hillshire Brands, and after consultation with outside legal counsel, the Hillshire Brands board in good faith determined that it would be inconsistent with their duties as directors of Hillshire

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