Pilgrim's Pride Bids for Hillshire

Written By The USA Links on Tuesday, 27 May 2014 | 05:48


WSJ.com: US Business

Pilgrim's Pride Bids for Hillshire

Updated May 27, 2014 7:48 a.m. ET


Pilgrim's Pride Corp. unveiled an offer to acquire fellow food producer Hillshire Brands Co. for roughly $5.5 billion, complicating a planned deal between Hillshire and Pinnacle Foods Inc.


Pilgrim's Pride, a chicken producer majority-owned by Brazilian meatpacker JBS SA, said it is offering $45 a share in cash for Hillshire, a 22% premium over...





Posted by The USA Links at 05:48

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