Pinnacle Foods Scraps Sale Plans, Freeing Tyson to Acquire Hillshire
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. read more >
by Associated Press -
Hillshire Backs Away From Offer to Buy Pinnacle Foods
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. read more >
by Associated Press -
Tyson Foods Would Boost Prepared Foods in $8.5B Hillshire Deal
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. read more >
by Lance Turner -
Pilgrim’s Trumps Tyson In Hillshire Bid As Talks Begin
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. read more >
by Associated Press -
Update: Tyson Foods Wants to Buy Hillshire Brands In $6.8B Deal
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. read more >
by -
Pilgrim’s Pride Offers to Buy Hillshire for $5.58B
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. read more >
by Associated Press -