Pinnacle Foods to acquire Boulder Brands for $710M

BOULDER — Boulder Brands, the packaged-foods company that has encountered plenty of turbulence over the past year, is being sold for $710 million.

New Jersey-based Pinnacle Foods Inc. (NYSE: PF) announced on Tuesday morning that the company has struck a deal to acquire Boulder Brands (Nasdaq: BDBD) for $11 per share. In addition, Pinnacle will assume about $265 million in Boulder Brands’ debt, bringing the full value of the deal to $975 million. The deal is expected to close in  first quarter 2016.

Boulder Brands’ stock price, which closed…