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Fly News Breaks for June 1, 2017
PF, CAG
Jun 1, 2017 | 08:33 EDT
After Reuters reported that Conagra Brands (CAG) approached Pinnacle Foods (PF) regarding a potential acquisition, Credit Suisse analyst Robert Moskow called Pinnacle a "uniquely attractive opportunity" for Conagra and contends that paying a "hefty premium" to complete a deal probably represents Conagra's best option. Moskow, who thinks Conagra needs to do something "more aggressive" to improve its portfolio longer-term, keeps a Neutral rating on Conagra shares.
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