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Pinnacle Foods to acquire Boulder Brands in $975 million transaction

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Staff writer ▼ | November 25, 2015
Pinnacle Foods will buy Boulder Brands to expand its presence in the natural and organic retail channel and provides Pinnacle with a new growth platform in refrigerated foods.
Pinnacle Foods
Acquisition   Expanding the presence in the natural and organic retail
Under the terms of the agreement, Pinnacle Foods intends to launch a tender offer to acquire all of the outstanding shares of Boulder Brands for $11.00 per share, in a transaction valued at approximately $975 million, including approximately $265 million of net debt.

The transaction is subject to customary closing conditions and is expected to be completed in the first quarter of 2016. Pinnacle expects the transaction to be accretive to EPS beginning in 2016.