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Is Pinnacle Foods a Tasty Target or Will it be Left Out in the Cold?

Pinnacle Foods' 2013 IPO has been a success by any measure -- the company's shares are up more than 40% since Blackstone took its shares to market. But some of those gains came on expectations the company would be acquired by Hillshire Brands, which pitched Pinnacle on a deal before it was pursued by Pilgrim's Pride and Tyson's Foods. Now, with Tyson's and Pilgrim's slugging it out in a bidding war to buy Hillshire, it looks as if Pinnacle will get left out in the cold. Still, some suggest the company could turn into an M&A target down the road as consolidation in the supermarket continues.