2018-06-21 13:36:05 | Pinnacle Foods jumps after Bloomberg report of Conagra approachShares of Pinnacle Foods (PF) jumped after Bloomberg reported that Conagra Brands (CAG) approached the company about a potential deal. The two companies have had contact in recent weeks, people familiar with the matter told Bloomberg. The talks are in the preliminary stages, however, and may not lead to a deal, Bloomberg cautioned. Shares of Pinnacle are up 4% to $66.93 in afternoon trading while Conagra is up 12c to $38.57. | |
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