Pilgrim's Pride gives up the fight for Hillshire Brands


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.

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Comments (2)
  • 50 cent it is
    , contributor
    Comments (1453) | Send Message
     
    Pilgrims board did the right thing
    Price got to lofty and they had the sense and discipline to its just too much .
    I think Tyson will regret paying this price. I know there shareholders will
    9 Jun 2014, 09:39 AM Reply Like
  • 10562501
    , contributor
    Comments (4) | Send Message
     
    If Bo would have thought like that the original Pilgrims would not have gone Bankrupt
    9 Jun 2014, 05:15 PM Reply Like
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