SHAREHOLDER ALERT: Pomerantz LLP Investigates Claims That the Merger May Not Be in the Best Interest of Investors of Pinnacle Foods, Inc. - PF - KTEN.com - No One Gets You Closer

SHAREHOLDER ALERT: Pomerantz LLP Investigates Claims That the Merger May Not Be in the Best Interest of Investors of Pinnacle Foods, Inc. - PF

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SOURCE Pomerantz LLP

NEW YORK, May 12, 2014 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Pinnacle Foods, Inc. ("Pinnacle Foods" or the "Company") (NYSE: PF) (ISIN: US72348P1049) (CUSIP: 72348P104) concerning the proposed acquisition of Pinnacle Foods by The Hillshire Brands Company ("Hillshire Brands.")

Pinnacle Foods shareholders seeking more information about this acquisition are advised to contact Robert Willoughby at rswilloughby@pomlaw.com or 212-661-1100 or 888-476-6529, ext. 237.

The investigation concerns whether the Pinnacle Foods directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value.   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 common stock, with an implied purchase price of $36.02 per share.  However, at least one analyst set a target price of $37.00 per share for Pinnacle Foods common stock.  Furthermore, there is no collar to protect Pinnacle Foods shareholders from depreciation in the price of Hillshire Brands stock.

Pinnacle Foods shareholders seeking more information about this acquisition are advised to contact Robert Willoughby at rswilloughby@pomlaw.com or 212-661-1100 or 888-476-6529, ext. 237.

Pomerantz LLP, with offices in New York, Chicago, Florida, and San Diego, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz LLP pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz LLP continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.

CONTACT: 
Robert Willoughby 
Pomerantz LLP 
212-661-1100 ext. 237 
rswilloughby@pomlaw.com

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