Pinnacle Foods Inc. (PF) announced Monday morning that it agreed to be acquired by Hillshire Brands (HSH) in a cash and stock transaction valued at approximately $6.6 billion.
Pinnacle Foods gapped open sharply higher Monday, but traded in a range for the majority of the session. The stock finished with a gain of 4.02 at $34.47 on the highest volume of the year. Pinnacle Foods leaped to a new high for the year.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.