Tyson Foods Buys Hillshire Brands

Tyson Foods Inc. has defeated Pilgrim’s Pride Corp. in a two-week battle to buy Hillshire Brands. The final bids were due on Sunday, Tyson offering $63 a share in cash and Pilgrim’s Pride withdrawing its $55 a share bid. Tyson’s acquire of Hillshire would value to company at approximately $7.7 billion.

Hillshire Brands, known for its Jimmy Dean sausages and other packaged foods will expand Tyson Foods Inc. into prepared foods, creating a company “with leading market positions in chicken, breakfast meats, hot dogs, and other categories,” Donnie Smith, the Chief Executive of Tyson told The Wall Street Journal.

Tyson is already the largest meat processor by sales in the United States. The deal is expected to be the meat industries biggest ever.

The deal won’t be complete until the board at Hillshire approves it and they terminate its $4.3 billion deal to acquire Pinnacle Foods Inc. Hillshire would have to pay Pinnacle $163 to break the deal, but this could happen in the next few days.

Advertisements

3 thoughts on “Tyson Foods Buys Hillshire Brands

  1. People on forums say there is no working roulette system, you can’t beat it in the long run, but
    i’m using bluehand roulette system for weeks and it earns me
    decent money everyday, maybe couple of weeks is not a long
    run, maybe i am lucky

  2. I see a lot of interesting articles on your blog.

    You have to spend a lot of time writing, i know how to save you a lot of time,
    there is a tool that creates unique, google friendly articles
    in couple of seconds, just type in google – laranita’s free content source

    1. Thanks for checking out my blog! I do spend a lot of time writing, but I do enjoy it! I like having my voice be present in my articles, but I will check out the tool you recommended. Thanks!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s