Tagged: hillshire brands

Tyson Foods, Hillshire Complete $8.5B Merger

by Lance Turner 8/28/2014 4:13 pm

Tyson Foods Inc. of Springdale on Thursday said it had completed its $8.5 billion purchase of Hillshire Brands of Chicago, a day after the companies reached a proposed settlement with the U.S. Department of Justice over antitrust concerns.

Tyson Foods, Hillshire Settle With Justice Department Over $8.5B Merger

by Lance Turner 8/27/2014 1:56 pm

Tyson Foods Inc. of Springdale and Hillshire Brands Co. of Chicago say they have reached a settlement with the U.S. Department of Justice's Antitrust Division that, if approved, would allow the companies' $8.5 billion merger to proceed.

Tyson Foods Extends Hillshire Tender Offer As Feds Seek More Deal Details

by Lance Turner 8/13/2014 8:24 am

Tyson Foods Inc. of Springdale extends its tender offer for Hillshire Brands of Chicago as the U.S. Department of Justice seeks more details on the pair's $8.5 billion merger plan. Tyson Foods' original tender offer was set to expire on July 16. It has now been extended to Aug. 19.

For First Time, Jimmy Dean Moves Beyond Breakfast

by Associated Press 7/29/2014 10:07 am

Jimmy Dean, the sausage brand started by the late country singer, has become a breakfast staple. Now the brand, owned by Hillshire, is hoping its new bowls and sandwiches can lure eaters at other meals.

Tyson Foods 3Q Profit Climbs 4.4 Percent, Will Sell Chicken Business in Brazil, Mexico

by Marty Cook 7/28/2014 7:22 am

Tyson Foods Inc. of Springdale, reporting a record third-quarter profit and the sale of new stock and other equity, also said it is selling poultry operations in Brazil and Mexico in order to help pay for its acquisition of Hillshire Brands Co. of Chicago.

Groups See Competitive Threat In Tyson Foods' Deal for Hillshire

by Marty Cook 7/25/2014 1:20 pm

A coalition of 82 farm, consumer and community groups urged the U.S. Justice Department to extend its antitrust division’s review of Tyson Foods Inc.’s $8.55 billion deal to acquire Hillshire Brands Co. of Chicago.

Top Brands Fuel Tyson’s Biggest Play

by Marty Cook 7/21/2014 12:00 am

Tyson officially began the process of buying Hillshire Brands Co. of Chicago on Wednesday, according to a filing with the Securities & Exchange Commission. For Tyson executives, though, the chance to acquire Hillshire’s enviable top-rated brands was irresistible.

Tyson Foods Moving Forward with Hillshire Deal

by Marty Cook 7/2/2014 9:34 am

Tyson Foods Inc. of Springdale announced Wednesday it had signed a definitive deal to purchase Hillshire Brands Co. of Chicago for approximately $8.55 billion.

Pinnacle Foods Scraps Sale Plans, Freeing Tyson to Acquire Hillshire

by Associated Press 6/30/2014 4:43 pm

Hillshire Brands Co. agreed to buy Pinnacle Foods for $4.23 billion in May. But Tyson and Pilgrim's Pride went after Hillshire two weeks later, and on June 9, Hillshire accepted Tyson's $7.75 billion offer.

Hillshire Backs Away From Offer to Buy Pinnacle Foods

by Associated Press 6/16/2014 7:43 am

Hillshire Brands Co. is backing off of its offer to buy Pinnacle Foods Inc., a move that it needs to make in order for its $7.75 billion proposed deal with Tyson Foods to go through.

Tyson Foods Would Boost Prepared Foods in $8.5B Hillshire Deal

by Lance Turner 6/9/2014 11:32 am

Meat producer Tyson Foods Inc. has won a bidding war for Hillshire Brands, the maker of Jimmy Dean sausages and Ball Park hot dogs, with a $63 per share offer. Both Tyson and Pilgrim's Pride had been bidding of Hillshire. Pilgrim's Pride says it is withdrawing its offer.

Pilgrim's Trumps Tyson In Hillshire Bid As Talks Begin

by Associated Press 6/3/2014 8:24 am

Hillshire Brands says it will hold separate talks with Pilgrim's Pride and Tyson Foods, as the two meat processing heavyweights engage in a bidding war for the maker of Jimmy Dean sausages.

Update: Tyson Foods Wants to Buy Hillshire Brands In $6.8B Deal

by Lance Turner and Marty Cook 5/29/2014 11:44 am

Tyson Foods Inc. of Springdale proposes the biggest acquisiton in its history, offering to purchase Hillshire Brands for $50 per share, or about $6.8 billion. The offer comes as Hillshire weighs another merger proposal by Pilgrim's Pride and the purchase of Pinnacle Foods.

Pilgrim's Pride Offers to Buy Hillshire for $5.58B

by Associated Press 5/27/2014 9:51 am

Chicken producer Pilgrim's Pride is offering to acquire fellow meat maker Hillshire Brands to create a "protein-focused" company in a deal worth $5.58 billion.