SAN DIEGO--(BUSINESS WIRE)--
Shareholder rights law firm Johnson & Weaver, LLP has launched an
investigation into whether the board members of Pinnacle Foods Inc.
(NYSE:PF) breached their fiduciary duties in connection with the
proposed sale of the Company to The Hillshire Brands Company.
Pinnacle Foods through its subsidiaries, manufactures, markets, and
distributes branded convenience food products in North America.
On May 12, 2014, Pinnacle Foods and Hillshire Brands entered into an
agreement whereby Hillshire Brands will acquire Pinnacle Foods. Under
the terms of the agreement, each share of Pinnacle Foods common stock
will be exchanged for $18.00 in cash and 0.50 shares of Hillshire Brands
The investigation concerns whether Pinnacle Foods board members failed
to satisfy their duties to the Company's shareholders, including whether
the board adequately pursued alternatives to the acquisition and whether
the board obtained the best price possible for the Company's shares of
If you are a Pinnacle Foods shareholder and are interested in
learning more about the investigation or your legal rights and remedies,
please contact Jim Baker (email@example.com)
at 619-814-4471. If you email, please include your phone number.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law
firm with offices in California and New York. The firm represents
individual and institutional investors in shareholder derivative and
securities class action lawsuits. For more information about the firm
and its attorneys, please visit http://www.johnsonandweaver.com.
Attorney advertising. Past results do not guarantee future outcomes.
Source: Johnson & Weaver, LLP