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Duncan Hines parent Pinnacle's shares jump in market debut

Shares of Pinnacle Foods Inc (PF.N), owner of the Birds Eye and Duncan Hines brands, rose 13.7 percent in their New York Stock Exchange debut on Thursday. The stock was trading at $22.73 after the company backed by Blackstone Group LP (BX.N) raised $580 million in its initial public offering.

 

DealBook: Michaels Stores Readies for an I.P.O.

Michaels Stores

Michaels Stores, the arts and crafts retailer owned by the Blackstone Group and Bain Capital, plans to file to go public as soon as next week, in what could be one of the biggest initial public offerings of the year.

 

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