Tyson is said to have won bidding war for Hillshire


Tyson Foods (TSN) appears to have won the battle to buy Hillshire Brands (HSH), after offering $7.7B for the company, or $63 a share. The offer is nearly $1B more than the bid cast by Pilgrim's Pride (PPC) last week.

The deal is still not finalized, and can take a few days, if not more. Hillshire Brands cannot even make another deal until it terminates a previous merger agreement with Pinnacle Foods (PF), paying $163M towards a break-up fee.

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Comments (2)
  • Grand Nagus Kelly
    , contributor
    Comments (1838) | Send Message
     
    Tyson must really like well preserved cheese and sausage.
    9 Jun 2014, 10:56 AM Reply Like
  • 50 cent it is
    , contributor
    Comments (1453) | Send Message
     
    Joe
    Yes ,I think they like it too much!
    9 Jun 2014, 02:53 PM Reply Like
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