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Pinnacle Foods IPO raises $627 million

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Pinnacle Foods Inc., of Parsippany, announced Wednesday the closing of its initial public offering of common stock, which raised proceeds of approximately $627 million.

According to an announcement, in connection with the offering, Pinnacle Foods issued a total of 33.3 million shares of common stock. Proceeds will be used to pay down outstanding debt, according to the company.

Write to the Editorial Department at editorial@njbiz.com

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