- Blackstone Group's (NYSE: BX) Pinnacle Brands Corp. is expected to acquire Birds Eye Foods for $1.3 billion the Wall Street Journal reported, citing people familiar with the matter.
Birds Eye Foods is the nation's largest frozen-vegetable company and is majority owned by the private-equity firm Vestar Capital Partners.
The deal could be announced as soon as Thursday. Bird's Eye, which currently carries $700 million in long-term debt, has a dominant market share in the frozen vegetable market, representing 25 percent of total sales in the industry.
dominant market shareNotable Mergers and Acquisitions of the Day: BX, AGU/CF, PRIM, C...StreetInsider.com News Articles Thu, 11/19/2009 - 09:59
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