Pinnacle foods, the maker of hungry-man frozen foods, vlasic pickles and many other brand names, has an appetite for more food acquisitions now that trading has begun in its stock. Pinnacle foods inc, a leading manufacturer, marketer and distributor of high-quality, branded food products, announced the pricing of its initial public offering of 29,000,000 shares of its common stock at $20 per share. Real time pinnacle foods (pf) stock price quote, will pinnacle earnings live up to the ipo hype the food company's stock has soared since its ipo earlier this year, but will pinnacle earnings.
Pinnacle foods is a leading manufacturer, marketer and distributor of branded food products in north america their brands are leaders in many of their respective categories, and pinnacle holds the #1 or #2 market share position in 9 of the 12 major product categories in which the company competes. Specifically, pinnacle foods plans to use a portion of the net proceeds from the offering to redeem $465 million in aggregate principal amount of the 925% senior notes due 2015, co-issued by its subsidiaries, pinnacle foods finance llc and pinnacle foods finance corp, at a redemption price of 100. Shares of frozen-food company pinnacle foods inc had a hot start in their public-trading debut, revealing investors' healthy appetite for a stable company poised to pay a hefty dividend.
Pinnacle foods, inc is a packaged foods company headquartered in parsippany, new jersey that specializes in the shelf stable and frozen food categories contents 1 history. Conagra brands inc plans to boost its roster of household names in grocery with a $109 billion deal to acquire pinnacle foods inc shareholder return is approximately 275% since our ipo, and. Parsippany, nj — pinnacle foods has announced the price of its 29 million shares in its initial public offering of common stock will be $20 per share the shares are to begin trading on the.
Frozen food company pinnacle foods inc priced its initial public offering at the high end of expectations late wednesday, setting up a $580 million deal that will be the year's third-largest. Under the terms of the transaction, pinnacle foods shareholders will receive $4311 per share in cash and 06494 shares of conagra brands common stock for each share of pinnacle foods held the implied price of $6800 per pinnacle foods share is based on the volume-weighted average price of conagra brands' stock for the five days ended june 21. Feb 29 (ifr) - pinnacle foods group mandated barclays capital and bank of america merrill lynch to lead its initial public offering, according to two sources familiar with the process the company. Dec 19 (reuters) - pinnacle foods inc, backed by private equity firm blackstone group lp, filed with regulators to raise up to $100 million in an initial public offering of its common stock. Pinnacle foods inc announces successful closing of its initial public offering company plans to use ipo proceeds to reduce debt parsippany, nj, (april 3, 2013) - pinnacle foods inc (nyse: pf) (pinnacle foods) today announced the successful closing of the company's initial public offering of its common stock.
Pinnacle foods inc, through its subsidiaries, manufactures, markets, and distributes branded convenience food products in north america it operates through three segments: birds eye frozen, duncan hines grocery, and specialty foods. Pinnacle foods sees ipo pricing at $18-$20 a share (watch it open up $25+ as usual) blackstone is no joke folks-- pinnacle foods inc expects its initial public offering of 29 million common shares to price between $18 and $20 a share. Pinnacle foods finance llc is controlled by investment funds associated with or designated by the blackstone group, which following the ipo owns between approximately 70% of the common shares the principal methodology used in this rating was global packaged goods published in december 2012. Pinnacle, under blackstone's direction, acquired birds eye foods inc for $13 billion in 2009 in the us, about 85% of households buy pinnacle products, according to the company's s-1 filing with the securities and exchange commission.
Thursday's initial public offering for frozen foods purveyor pinnacle foods inc is setting up to be a test for how much investors are willing to pay for a company that offers a hefty dividend. Pinnacle foods inc, the maker of birds eye frozen foods, duncan hines frosting and vlasic pickles, is expected to go public thursday in the only major ipo this week the parsippany, nj-based. Home pinnacle foods cooks up an ipo mar 25, 2013, 12:28 pm edt march 26, 2013 pinnacle foods cooks up an ipo company is the only offering on the menu this week.
Ipo success pinnacle foods had a very successful ipo on march 28, 2013 the company issued a total of 33,350,000 shares of common stock, including the entirety of the additional 4,350,000 shares that the underwriters had the option to purchase. Pinnacle foods is valued at about $23 billion at the ipo price the stock is expected to start trading on the new york stock exchange under the symbol pf on thursday. Based in parsippany, nj, pinnacle foods (nyse:pf) scheduled a $551 million ipo with a market capitalization of $215 billion at a price range mid-point of $19 for march 28, 2013 four ipos are. Pinnacle foods to hold shareholder meeting on october 23, 2018 to vote on conagra brands transaction read more pinnacle foods announces game-changing partnership with vaynermedia to drive brand growth.