Pilgrim's Pride gives up the fight for Hillshire Brands

|About: Pilgrim's Pride Corporation (PPC)|By:, SA News Editor

Pilgrim's Pride (PPC) withdraws its proposal to buy Hillshire Brands (HSH) after seeing Tyson Foods come in over the top of its $55-per-share offer.

The company says it was in the best interest of shareholders to end the bidding war.