Pinnacle Foods: Completes Acquisition Of Boulder Brands

Parsippany / NJ. (pf) Pinnacle Foods Inc. announced the completion of its acquisition of Boulder Brands Inc.. Following the completion of its successful tender offer to purchase all outstanding Boulder shares for 11.00 USD per share in cash, Pinnacle acquired all remaining Boulder shares through a merger under Section 251(h) of the General Corporation Law of the State of Delaware. At the effective time of the merger, all remaining shares of Boulder common stock not tendered into the tender offer and not owned by Pinnacle were converted into the right to receive 11.00 USD in cash, which is the same price that was paid in the tender offer. As a result of the transaction, Boulder has become a wholly owned subsidiary of Pinnacle.