Packaged foods company Pinnacle Foods Inc said it would acquire Unilever Plc's Wish-Bone salad dressings business for $580 million. Pinnacle said it expects the deal, funded with cash on hand and debt, to immediately add to its earnings.
Shares of PF remained unchanged at $25.46. In the past year, the shares have traded as low as $22.15 and as high as $26.48. On average, 496109 shares of PF exchange hands on a given day and today's volume is recorded at 0.
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