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Pinnacle Foods Inc (PF.N)

PF.N on New York Stock Exchange

66.26USD
15 Aug 2018
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Latest Key Developments (Source: Significant Developments)

Pinnacle Foods Inc Affirms Its Full Year EPS Guidance
Wednesday, 25 Jul 2018 

July 25 (Reuters) - Pinnacle Foods Inc ::PINNACLE FOODS INC AFFIRMS ITS FULL YEAR EPS GUIDANCE.SEES FY ADJUSTED EARNINGS PER SHARE $2.85 TO $2.95.FY2018 EARNINGS PER SHARE VIEW $2.91 -- THOMSON REUTERS I/B/E/S.FOR Q2, COMPANY EXPECTS TO REPORT APPROXIMATELY $0.47 OF DILUTED EPS OR APPROXIMATELY $0.59 OF ADJUSTED DILUTED EPS.Q2 EARNINGS PER SHARE VIEW $0.56 -- THOMSON REUTERS I/B/E/S.  Full Article

Conagra Brands Says On July 11, Entered Into Term Loan Agreement Providing For Term Loans To Co In An Aggregate Principal Amount Of Up To $1.3 Bln
Wednesday, 18 Jul 2018 

July 17 (Reuters) - Conagra Brands Inc ::CONAGRA BRANDS - ON JULY 11, ENTERED INTO TERM LOAN AGREEMENT PROVIDING FOR TERM LOANS TO CO IN AN AGGREGATE PRINCIPAL AMOUNT OF UP TO $1.3 BILLION.CONAGRA BRANDS-TERM LOAN FACILITY IN TERM LOAN AGREEMENT IS UNSECURED, GIVES $650 MILLION TRANCHE OF 3-YEAR TERM LOANS, $650 MILLION TRANCHE OF 5-YEAR TERM LOANS.CONAGRA SAYS ON JULY 11, ALSO ENTERED AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT PROVIDING FOR REVOLVING CREDIT FACILITY OF $1.6 BILLION - SEC FILING.CONAGRA BRANDS - ANTICIPATES BORROWING IN FULL UNDER TERM LOAN AGREEMENT TO FUND PORTION OF CASH OF ITS PREVIOUSLY SAID ACQUISITION OF PINNACLE FOODS.CONAGRA BRANDS SAYS REVOLVING CREDIT FACILITY PROVIDED FOR UNDER REVOLVING CREDIT AGREEMENT MATURES ON JULY 11, 2023, AND IS UNSECURED.CONAGRA BRANDS-TERM OF REVOLVING CREDIT AGREEMENT MAY BE EXTENDED FOR ADDITIONAL 1-YEAR/2-YEAR PERIODS FROM THEN APPLICABLE MATURITY DATE ON ANNUAL BASIS.  Full Article

Pinnacle, Conagra To Divest Assets That Account For Up To $300 Mln Of Net Sales To Obtain Antitrust Approval
Wednesday, 27 Jun 2018 

June 27 (Reuters) - Pinnacle Foods Inc ::PINNACLE FOODS-CONAGRA COMMITTED TO DIVEST ASSETS OF CO/CONAGRA THAT ACCOUNT FOR UP TO $300 MILLION OF NET SALES IF NECESSARY TO OBTAIN ANTITRUST APPROVAL.PINNACLE FOODS-CONAGRA COMMITTED TO DIVEST ASSETS OF CO/CONAGRA THAT ACCOUNT FOR UP TO $300 MILLION OF NET SALES IF NECESSARY TO OBTAIN ANTITRUST APPROVAL.  Full Article

Conagra Brands To Acquire Pinnacle Foods For $10.9 Bln In Cash And Stock
Wednesday, 27 Jun 2018 

June 27 (Reuters) - Conagra Brands Inc ::CONAGRA BRANDS TO ACQUIRE PINNACLE FOODS FOR $10.9 BILLION IN CASH AND STOCK.CONAGRA BRANDS TO ACQUIRE PINNACLE FOODS FOR $10.9 BILLION IN CASH AND STOCK.DEAL WILL DELIVER $215 MILLION IN ANNUAL RUN-RATE COST SYNERGIES BY FISCAL 2022.PINNACLE FOODS SHAREHOLDERS WILL RECEIVE $43.11/SHARE IN CASH, 0.6494 SHARES OF CO'S STOCK FOR EACH SHARE OF PINNACLE FOODS HELD.ON A PERCENTAGE BASIS, EXPECTS TRANSACTION TO BE LOW SINGLE-DIGIT ACCRETIVE TO ADJUSTED EPS IN FISCAL YEAR ENDED MAY 2020.DEAL WILL BE HIGH SINGLE-DIGIT PERCENTAGE ADJUSTED EPS ACCRETION EXPECTED IN FISCAL YEAR ENDED MAY 2022.EXPECTS TO ACHIEVE APPROXIMATELY $215 MILLION IN ANNUAL RUN-RATE COST SYNERGIES BY END OF FISCAL YEAR 2022.INTENDS TO MAINTAIN ITS QUARTERLY DIVIDEND AT CURRENT ANNUAL RATE OF $0.85 PER SHARE DURING FISCAL 2019.DEAL FOR IMPLIED PRICE OF $68.00 PER PINNACLE FOODS SHARE.TRANSACTION IS EXPECTED TO BE FINANCED BY CONAGRA BRANDS EQUITY ISSUED TO PINNACLE FOODS SHAREHOLDERS.HAS SECURED $9.0 BILLION IN FULLY COMMITTED BRIDGE FINANCING FROM AFFILIATES OF GOLDMAN SACHS GROUP.EXPECTS MODEST DIVIDEND INCREASES IN FUTURE WHILE IT FOCUSES ON DELEVERAGING, SUBJECT TO APPROVAL OF ITS BOARD OF DIRECTORS.CONAGRA - PINNACLE FOODS WILL CONTINUE TO PAY ITS QUARTERLY DIVIDEND AT CURRENT ANNUAL RATE OF $1.30 PER SHARE UNTIL TRANSACTION IS COMPLETED..  Full Article

Conagra Has Approached Pinnacle About A Possible Deal - CNBC
Thursday, 21 Jun 2018 

June 21 (Reuters) - :CONAGRA HAS APPROACHED PINNACLE ABOUT A POSSIBLE DEAL - CNBC, CITING REPORT.  Full Article

Pinnacle Foods Sets Quarterly Cash Dividend Of $0.325 Per Share
Thursday, 31 May 2018 

May 30 (Reuters) - Pinnacle Foods Inc ::SETS QUARTERLY CASH DIVIDEND OF $0.325PER SHARE.  Full Article

Pinnacle Foods Reaffirms Outlook For 2017
Thursday, 14 Dec 2017 

Dec 13 (Reuters) - Pinnacle Foods Inc ::PINNACLE FOODS REAFFIRMS OUTLOOK FOR 2017.FY2017 EARNINGS PER SHARE VIEW $2.55 -- THOMSON REUTERS I/B/E/S.FY2017 REVENUE VIEW $3.16 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Pinnacle Foods reports Q3 earnings per share of $0.39
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Pinnacle Foods Inc :Pinnacle Foods reports third quarter fiscal 2017 results.Q3 adjusted earnings per share $0.58 excluding items.Q3 earnings per share view $0.58 -- Thomson Reuters I/B/E/S.Sees FY 2017 adjusted earnings per share $2.55 to $2.60.Q3 earnings per share $0.39 including items.Q3 sales $749.8 million versus I/B/E/S view $753 million.Pinnacle Foods Inc - ‍reaffirmed its full-year guidance for adjusted diluted earnings per share​.Pinnacle Foods Inc - ‍continue on track to achieve long-term margin target for 2019 and beyond​.Pinnacle Foods Inc - ‍ expect adjusted gross margin for full year of 2017 even with year-ago​.Pinnacle Foods Inc - ‍benefit of 53(rd) week is expected to add approximately 1% to net sales and $0.03 to adjusted diluted EPS for year​.Pinnacle Foods Inc - ‍capital expenditures for 2017 are now estimated to be approximately $100 million​.Pinnacle Foods Inc - qtrly ‍underlying sales growth of 3.1% was driven by volume/mix growth of 2.5%​.FY2017 earnings per share view $2.55 -- Thomson Reuters I/B/E/S.  Full Article

Pinnacle Foods announces new segment reporting structure
Saturday, 11 Feb 2017 

Pinnacle Foods Inc : Pinnacle Foods Inc announces new segment reporting structure . Pinnacle Foods - in Q4 during which integration of boulder brands acquisition was substantially complete, company reorganized its reporting structure .Pinnacle Foods Inc - new segments are frozen, grocery, boulder and specialty.  Full Article

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U.S. mergers help bank fees spike to record highs

NEW YORK (LPC) - A record $1.45 trillion of US syndicated lending to companies for acquisitions, leveraged buyouts, dividends and refinancing in the first half of the year has propelled bank fees from arranging the loans to all-time highs.