Pinnacle Foods Inc. (NYSE: PF) today announced that certain of its stockholders have commenced a secondary offering of 17 million shares of its common stock, pursuant to a registration statement filed with the Securities and Exchange Commission. In addition, the underwriters will have an option to purchase up to an additional 2.55 million shares from the selling stockholders.
Pinnacle Foods is a holding company. Through its subsidiaries, Co., is engaged as a manufacturer, marketer and distributor of high-quality, branded food products in North America. Co.'s products can be found in over 85% of U.S. households. Co.'s products are sold through supermarkets, grocery wholesalers and distributors, mass merchandisers, super centers, convenience stores, dollar stores, drug stores and warehouse clubs in the United States and Canada, as well as in military channels and foodservice locations. Co.'s operations are managed and reported in three operating segments: the Birds Eye Frozen Division, the Duncan Hines Grocery Division and the Specialty Foods Division.
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