'Hillshire Brands, Pinnacle Foods Combine in Deal Worth $6.6 Billion'

01:33 Sep 7, 2021 1 0

'Pinnacle Foods\' IPO debut was a successful one, now, as commodity prices rise, big strategics are looking to capitalize on synergies and Hillshire Farms Co. struck a $6.6 billion deal with the PE-backed maker of branded food products. The transaction values Pinnacle at $4.28 billion. Already, consolidation has been afoot in the foods space, and more mergers could be on the way--especially with foreign players looking to mitigate high pork prices at home. For example, Smithfield sold to a Chinese conglomerate last year. Reporters and editors from TheDeal.com preview today\'s coverage.  Subscribe to TheStreetTV on YouTube:   http://t.st/TheStreetTV  For more content from TheStreet visit: http://thestreet.com Check out all our videos: http://youtube.com/user/TheStreetTV Follow TheStreet on Twitter: http://twitter.com/thestreet Like TheStreet on Facebook: http://facebook.com/TheStreet Follow TheStreet on LinkedIn: http://linkedin.com/company/theStreet Follow TheStreet on Google+: http://plus.google.com/+TheStreet' 

Tags: YouTube , yahoo , pf , bx , Video Markets , Portal Market Updates , Market Strategy , food and beverage , Deal News , Mergers and Aquisitions , HSH , Jonathan Marino , Sarah Pringle

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