Headwinds for Pinnacle Foods – CEO Turnover and An Undisclosed SEC Probe at Recently Acquired Unit

Pinnacle Foods Inc. $PF   

Confirmed, Undisclosed SEC Investigation at Boulder Brands Unit   

Analyst Summary:  The executives and board of Pinnacle Foods have been distracted this year.   The company closed on an all-cash acquisition of Boulder Brands (BDBD) on 15-Jan-2016.  Only months into the integration, on 23-Mar-2016, the CEO of Pinnacle abruptly announced his departure.

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