Conagra Brands Inc. will acquire Pinnacle Foods Inc. after unanimous approval by each company’s boards. The agreement includes Conagra acquiring all outstanding shares of Pinnacle in the cash and stock agreement that totals $10.9 billion. The acquisition allows Conagra to add brands such as Birds Eye, Duncan Hines, Hungry-Man, Log Cabin, Vlasic and Wish Bone to its already successful line of brands that includes Reddi-Whip, Hunt’s Healthy Choice and Slim Jim among others. In a release from Conagra Brands, Sean Connolly, President and CEO of Conagra, states “The acquisition on Pinnacle Foods is an exciting next step for Conagra Brands. After three years of transformative work to create a pure-play, branded food company, we are well-positioned to accelerate the next wave of change.” The transaction between the two companies is expected to close by the end of this year, pending approval by Pinnacle shareholders.