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Picky eaters

12 May 2014 By Kevin Allison

Sausage-focused Hillshire Brands’ shares fell after it unveiled a $6.6 bln deal for syrup-to-frozen peas maker Pinnacle Foods. Back-of-the-napkin math suggests the union should create value, but the debt Hillshire is taking on to fund the tie-up appears to be leaving a bad taste.

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