Monday, June 9, 2014

Tyson wins bidding war for Hillshire Brands

Posted By on Mon, Jun 9, 2014 at 6:30 AM

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The Wall Street Journal says Arkansas-based Tyson Foods paid almost $1 billion more than Pilgrim's Pride offered to buy the meat producer Hillshire Brands, whose products include Jimmy Dean Sausage. Tyson reportedly offered $63 a share, or almost $7.7 billion. They're calling it the biggest meat deal ever. The prize is packaged goods like sausage and hot dogs, said to be more profitable than raw meat.

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