- 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.
From other sites
at CNBC.com (Dec 19, 2014)
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