Pinnacle Foods, a PE-backed food manufacturer, has set the terms for its initial public offering on the NYSE under the symbol PF. The company expects to sell 29 million shares priced between $18 and $20 per share. Pinnacle makes, markets and distributes branded food products, such as Duncan Hines, Vlasic, Log Cabin, Nalley and Mrs. Butterworth's products. The Blackstone Group currently owns a 95% stake in the company and will retain a controlling stake following the completion of the offering. Blackstone acquired the company for $2.16 billion in 2007.