Jana takes a bite of Pin­na­cle

Financial Mail - - MARKET WATCH -

Ac­tivist in­vestor Jana Part­ners has dis­closed a 9.1% stake in Pin­na­cle Foods and says it will seek talks with the com­pany on a range of sub­jects, in­clud­ing a pos­si­ble sale of the pack­aged foods maker and the com­po­si­tion of its board. In­vestors have for some time cir­cled Pin­na­cle, which makes Dun­can Hines bak­ing mixes and Vla­sic Pick­les, and some have hoped for a merger.

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