Sales in the frozen aisle have been lacklustre in the US for some years. However, increased competitive activity from the likes of Nestle, C...
Tyson Foods has won through in the bidding war to acquire Hillshire Brands with an improved US$63 per share offer for the for the Jimmy Dean...
Tyson Foods entered fray today (29 May) when it issued a fresh bid for Hillshire Brands, trumping an earlier offer from Pilgrim's Pride. Lik...
With the bidding war for Hillshire Brands intensifying, it is pertinent to point out just how correct Sara Lee's management - and those on W...
US poultry processor Pilgrim's Pride has reported higher half-year profits as a lower cost of sales helped offset a dip in sales.
Hillshire Brands has extended its Jimmy Dean line beyond the breakfast table with the launch of lunch and dinner offerings.
This week, Treehouse Foods announced a deal to buy US private-label peer Flagstone Foods. In other M&A news in the US, Tyson Foods and Hillshire Brands finalised an agreement over a takeover of the Jimmy Dean meats manufacturer. Chinese firm Huaxia Dairy and ethnic foods supplier Shazans both announced expansion following investments in the companies. Elsewhere, Burton's Biscuit Co. was in hot water with union officials after announcing 64 jobs were to go at its Edinburgh site.
Tyson Foods and Hillshire Brands today (2 July) entered into a "definitive" agreement that will see the US meat processor acquire the maker of Jimmy Dean sausages for US$8.55bn.
Pinnacle Foods plans to use the break-up fee it will receive from the termination of its proposed agreement to be sold to Hillshire Brands to lower its debts.
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