Conagra is buyingPinnacle Foods in a cash-and-stock deal valued at about $10.9 billion that willhelp the food company expand in the frozen food and snacks categories.

Conagra（康尼格拉）以约109亿美元的价格购买PinnacleFoods（品尼高）,该交易以现金加股票的方式进行，以扩大其冷冻食品和零食业务。

Pinnacle’s brands include Birds Eye,Duncan Hines and Hungry-Man. Chicago-based Conagra hasbrands such as Reddi-wip, Hunt’s, Healthy Choice and Slim Jim.

Pinnacle的品牌包括BirdsEye、Duncan Hines和Hungry-Man。 总部位于芝加哥的Conagra拥有Reddi-wip、Hunt's、HealthyChoice和Slim Jim等品牌。

Pinnacle shareholders will receive $43.11 pershare in cash and 0.6494 shares ofConagra Brands stock for each share of Pinnacle held. The transaction also includes Pinnacle’soutstanding debt, the companies said Wednesday.

Pinnacle股东将获得每股43.11美元的现金以及每股Pinnacle持有的Conagra股票0.6494股。两家公司周三表示，该交易还包括Pinnacle未清债务。

Pinnacle shareholdersare expected to own approximately 16 percent of the combined company.

Pinnacle股东预计将拥有合并后公司约16％的股份。

The deal is targetedto close by the end of the year. It still needsapproval from Pinnacle shareholders.

Pinnacle’sstock fell nearly 4 percent in premarket trading, while Conagra’s sharesdeclined 7.1 percent.

该交易计划于今年年底前结束。不过仍需要得到Pinnacle股东的认可。Pinnacle的股票在盘前交易中下跌近4％，而Conagra股票下跌7.1％。