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Hillshire Brands withdraws recommendation of pending merger with Pinnacle Foods
date:Jun 18, 2014
vorable to its stockholders from a financial point of view than the Pinnacle Foods acquisition.

In accordance with the terms of the Pinnacle Foods agreement, on June 9, 2014, the Hillshire Brands board provided written notice to the board of Pinnacle Foods that it intended to change its recommendation.

Upon receipt of that notification, under the terms of the merger agreement with Pinnacle Foods, Pinnacle Foods could propose changes to the merger agreement such that the Tyson Foods offer wou

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