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.
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