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The Deal: Pinnacle Foods Picks Up Wish-Bone for $580M

Unilever is increasingly focusing on beauty and personal care, as well as consumer household cleaning products.

Pinnacle, based in Parsippany, N.J., has around 4,400 employees and manages brands such as Duncan Hines, Vlasic pickles, Mrs. Butterworth's and Log Cabin syrups, Armour canned meats, Birds Eye frozen vegetables, Van de Kamp's and Mrs. Paul's frozen seafood, Hungry-Man frozen dinners and entrees, Aunt Jemima frozen breakfasts, Lender's frozen and refrigerated bagels, and Celeste frozen pizza, among others, in addition to a private label business.

Providing Pinnacle with financial advice was a Bank of America Merrill Lynch team consisting of Carl Stickel, David Finkelstein, John Golding, Kevin England and Tommaso Bernardi. A Simpson Thacher & Bartlett team consisting of Dan Clivner, Michael Reeves, Denis Griffin, Alden Millard, Brian Gluck, Josh Walker and Michael Hasper provided Pinnacle with legal advice. Unilever was advised by Andre Kelleners at Goldman, Sachs and a Cravath, Swaine & Moore team including Mark Greene, Gregory Ligelis Jr., Michael Schler, David Kappos and Matthew Moreale.

Written by Richard Collings.

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