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Pinnacle announces pricing for 17M-share secondary offering

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Parsippany-based Pinnacle Foods announced Thursday the pricing of an upcoming secondary offering of 17 million shares.

According to the announcement, certain of the company's stockholders will sell 17 million shares of its common stock at a price to the public of $26.75 per share. The underwriters will have an option to purchase up to an additional 2.55 million shares from the selling stockholders. The selling stockholders will receive all of the proceeds from this offering. No shares are being sold by Pinnacle Foods. The offering is expected to settle and close on December 17, 2013, subject to customary closing conditions.

The company first announced the secondary offering Tuesday.

 
 

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