Pinnacle Foods completes tender offer of Boulder Brands
of Boulder's outstanding shares of common stock had been validly tendered.
The conditions to the tender offer were satisfied, and Pinnacle Foods has accepted for payment and will promptly pay the depositary for all validly tendered shares.
Pinnacle Foods expects to complete the acquisition of Boulder through a merger without a vote or meeting of Boulder's stockholders. Each of the remaining shares of Boulder common stock not purchased in the tender offer will be converted into the right to receive the same $1 in cash that will be paid in the tender offer.
Upon completion of the merger, Boulder will become a wholly owned subsidiary of Pinnacle. Boulder's common stock will no longer be listed on the NASDAQ Global Select Market. ■