- Investment bankers from Evercore Partners are digging around at Pinnacle Foods (NYSE:PF), according to New York Post.
- The development follows pressure from activist firm Jana Partners on Pinnacle management to pursue a merger with ConAgra Brands (NYSE:CAG).
- Jana has a 9.5% stake in Pinnacle.
- Last month, Stephens said Pinnacle Foods could be worth as much as $85 in a takeover scenario.
- Shares of Pinnacle are up 2.72% in premarket trading to $64.93.