PE-Backed Pinnacle Foods Plans IPO

Pinnacle Foods Inc., backed by private equity firm Blackstone Group LP, filed with regulators to raise up to $100 million in an initial public offering of its common stock. Barclays and BofA Merrill Lynch will be the lead underwriters for the offering, Pinnacle Foods said in a preliminary filing with the U.S. Securities and Exchange Commission. The company, which was acquired by Blackstone in April 2007, manufactures branded food products in North America and had sales of $2.5 billion in fiscal 2011.

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