M&A

19 November, 2009

Blackstone's Pinnacle to buy Birds Eye -WSJ

Nov 19 (Reuters) - Blackstone Group's (BX.N) Pinnacle Brands Corp is likely to buy U.S. frozen vegetable company Birds Eye Foods for more than $1.3 billion, the Wall Street Journal said, citing people familiar with the matter.

The all-cash deal will likely be announced as early as later on Thursday, the people told the paper. (Reporting by Ajay Kamalakaran in Bangalore; Editing by Hans Peters)

Source: http://www.reuters.com