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Conagra Brands Buying Pinnacle Foods For $8.1 Billion

  • CNBC, Thursday, June 28, 2018 8 AM

Conagra Brands announced plans to acquire Pinnacle Foods in a cash-and-stock deal valued at about $8.1 billion. The acquisition furthers Conagra's transformation under CEO Sean Connolly and its push into frozen foods.The pairing of Healthy Choice-owner Conagra and Bird's Eye-owner Pinnacle would create the second-largest U.S. frozen food company behind Nestle.

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