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...
The dramatic M&A battle being played out in the US protein space comes as fresh evidence that food companies are willing to pay top-dollar f...
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...
The hunter became the hunted yesterday (27 May) as Pilgrim's Pride made a hostile bid for Hillshire Brands. The news comes just days after H...
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.
Trading conditions in the UK and US remain tough and this week two companies - Premier Foods and ConAgra Foods - saw their shares hit after reporting sluggish sales. Elsewhere, the CEOs of the world's largest food manufacturers announced actions they believe will improve consumers' health.
Pinnacle Foods has opened an R&D pilot plant at Rutgers University in a move it said would increase its R&D capacity, improve speed to market and advance its "mission" to "reinvigorate iconic brands".
Tyson Foods has confirmed that, following the conclusion of a competitive bidding process, it has submitted a US$8.55bn binding offer to acquire Hillshire Brands.
Pinnacle Foods' Birds Eye brand has teamed up with Disney in the US in a bid to slash obesity rates by getting kids to explore healthier foods.
It's a public holiday in the UK today (26 August) - thankfully the sun is just breaking through here in south London to help us bask in our Ashes victory - and, while we take a day's break, here are some of last week's top interviews, comment and analysis in case you missed them.
- On the money: Unilever shifting into growth spots
- On the money: Danone denies strategy overhaul
- The just-food interview: Premier Foods CEO Darby
- Comment: Danone could be mulling strategy shift
- Why whole sector should take heed of meat scrutiny
- Tyson sells Mexico, Brazil ops to JBS
- 2 Sisters "passes" FSA poultry plant audits
- FrieslandCampina to form "dairy zones" in Vietnam
- Danone H1 profits down but sticks to FY goals
- FSA ordered to carry out review on 2 Sisters