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Retail

Pinnacle closes 575M Wish-Bone acquisition from Unilever

According to the announcement, the acquisition was funded through a combination of cash on hand and new debt. The new debt consists of a $525 million term loan, due 2020. In making the announcement, Pinnacle reaffirmed its outlook for Wish-Bone to be $0.01-$0.02 accretive to EPS in the fourth quarter of fiscal 2013. In addition, ...

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Burlington Stores Inc. prices IPO at up to 260M

This pricing values the company at as much as $260 million. The company expects to receive approximately $205 million from the offering, and intends to use the net proceeds, along with cash on hand, to primarily redeem outstanding indebtedness, Burlington said in a statement. According to the announcement, the shares will be listed on the ...

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