Tyson Foods confirms $8.55B deal to buy Hillshire Brands

Tyson Foods (TSN) confirms a deal to buy Hillshire Brands (HSH) for $63 per share in a deal valued at $8.55B.

The company will use cash on hand and a bridge loan to fund the acquisition.

Execs will discuss the merger on a conference call at 8:30 AM EST.

Shares of Tyson are down 2.8% in premarket action, while Hillshire Brands is up 5.1% to $61.95.

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Comments (2)
  • 50 cent it is
    , contributor
    Comments (1453) | Send Message
    The execs better be prepared to justify the lofty price they are paying for Hillshire .How long until this acquisition is accretive?
    Mr Smith may have gone to far this time. It's a shame to see him mar the wonderful records he has posted over the last few years.better check your golden parachute Mr Smith.
    9 Jun 2014, 09:34 AM Reply Like
  • DanoX
    , contributor
    Comments (3599) | Send Message
    No more Hillshire Farms products for me, Tyson is low rent.
    9 Jun 2014, 01:08 PM Reply Like
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