27 Jun 2018 --- Conagra Brands has purchased Pinnacle Foods in a deal valued at US$10.9 billion including debt, expanding its footprint in the frozen food sector. The boards of Conagra Brands and Pinnacle Foods Inc. have unanimously approved the definitive agreement under which Conagra Brands will acquire all outstanding shares of Pinnacle Foods in a cash and stock transaction, including Pinnacle Foods' outstanding net debt. The deal will create a leader in frozen foods with an expanded presence in snacks and a combined revenue of US$11 billion.
