Hillshire Brands Co., the maker of Jimmy Dean meats, agreed to buy Pinnacle Foods Inc. for about $4.3 billion, gaining products such as Birds Eye frozen foods, Duncan Hines baking mixes and Vlasic pickles.

Investors will receive $18 in cash and half a share of Hillshire Brands for every Pinnacle share they own, the companies said today in a statement. The total amount is almost 20 percent higher than Pinnacle’s closing price on May 9, the most recent trading day. Including debt, the deal is valued at about $6.6 billion.

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