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Hillshire Brands withdraws recommendation of pending merger with Pinnacle Foods
date:Jun 18, 2014
Brands to fail to withdraw its recommendation of the Pinnacle Foods acquisition.

The Hillshire Brands board determined, in consultation with its outside financial and legal advisors, that the Tyson Foods takeover proposal constitutes a Superior Proposal as contemplated by the merger agreement with Pinnacle Foods.

That determination means in general terms that the board has determined, in good faith, that the Tyson Foods proposal would, if consummated, result in a transaction that is more fa

12/21 17:59