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Fly News Breaks for April 20, 2018
PF
Apr 20, 2018 | 09:15 EDT
William Blair analyst Jon Andersen says that if a sale of Pinnacle Foods were to be the outcome following the activist stake by Jana Partners, previous deals in the food space suggest a takeout price of $75-$80 per share. Jana is "keen on unlocking additional value from Pinnacle's portfolio and operations," Andersen tells investors in a research note. He keeps an Outperform rating on Pinnacle Foods.
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