Conagra, Pinnacle Foods deal talks have ended: Sources

ConAgra Foods products

Daniel Acker | Bloomberg | Getty Images
ConAgra Foods products

Discussions that may have led to a potential deal between Conagra and Pinnacle Foods have come to a conclusion, sources told CNBC.

These people say Conagra, the owner of Reddi-wip whipped cream, and Pinnacle, which owns brands such as Duncan Hines, spoke weeks ago about a possible combination but have no plans to revisit the issue.

Conagra and Pinnacle Foods were unable to agree on a price, a person familiar with the deal said, adding that Pinnacle’s expectations far exceeded what Conagra might have been willing to pay.

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