Tyson Foods and Hillshire Brands push forward with merger

Tyson Foods (TSN) and Hillshire Brands (HSH) say both boards have approved the merger of the two companies in an all-cash $8.55B transaction.

The deal is expected to close before September 27 after a two-step tender offer completes.

Tyson Foods will be the company making the $163M termination payment to Pinnacle Foods (PF), not Hillshire as widely reported.

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  • Steve19087
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    I am a private investor with bias toward value investing.
    2 Jul 2014, 02:20 PM Reply Like
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