(Reuters) ConAgra Brands Inc (CAG.N), the maker of Hunt’s ketchup and Marie Callender’s microwave dinners, said on Friday it had ended a standstill agreement with Jana Partners LLC, the activist hedge fund pushing for a sale of Pinnacle Foods Inc (PF.N). The termination of the agreement, which dates back to 2015 when ConAgra and Jana reached a deal for two new mutually agreed directors to join ConAgra’s board, allows Jana to more freely push both ConAgra and Pinnacle Foods to explore a combination.
Jana, Conagra End Standstill as Pinnacle Foods Comes Under Pressure to Sell
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