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Business Wire  05/12/2014 11:25 AM ET
EQUITY ALERT: The Rosen Law Firm Announces Investigation of Pinnacle Foods Inc. in Connection with its Sale to The Hillshire Brands Company – PF

NEW YORK--(BUSINESS WIRE)--May 12, 2014-- The Rosen Law Firm, P.A. is investigating the Board of Directors of Pinnacle Foods Inc. (NYSE:PF) for possible breaches of fiduciary duty and other violations of state law in connection with its sale to The Hillshire Brands Company.

If you would like to join the action please call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free, at 866-767-3653; or email at pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or obligation to you.

Under the terms of the transaction, shareholders will receive 0.50 shares of Hillshire Brands common stock and $18.00 in cash for each share of Pinnacle Foods stock they own. Private equity firm Blackstone Group LP, which owns approximately 51 percent of Pinnacle Foods, has already agreed to vote in favor of the deal. The investigation relates to whether the proposal is fair to public shareholders and whether Pinnacle Food's Board breached its fiduciary duties in connection with the transaction.

If you own Pinnacle Foods common stock and wish to obtain additional information, please visit the website at http://rosenlegal.com/dealcases. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Source: The Rosen Law Firm, P.A.

The Rosen Law Firm P.A.
Phillip Kim, Esq.
Laurence Rosen, Esq.
Kevin Chan, Esq.
275 Madison Avenue 34th Floor
New York, New York 10016
Tel: 212-686-1060
Toll Free: 1-866-767-3653
Fax: 212-202-3827
pkim@rosenlegal.com
lrosen@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com

 

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