US: Pilgrim's Pride reportedly ups offer for Hillshire buy
Pilgrim's Pride has reportedly increased its offer for the acquisition of Hillshire Brands
The firm is engaged in a bidding war with Tyson Foods and initially offered $45 per share for control of the business.
Citing "people familiar with the matter", the Wall Street Journal reported that Pilgrim's Pride had increased its offer with Tyson Foods adding it "was aware of the report of a new offer from Pilgrim's, but it did not have a comment".
Analysts have suggested there could be an emergence from Hormel and possibly Sanderson Farms, ConAgra Foods or Cargill as bidders with an interest in Hillshire Brands.
- General Mills on Q1, innovation, margins
- Interview: Mondelez's outlook for China
- Aryzta FY results, outlook for 2017 - 6 takeaways
- What next for Bernard Matthews? - comment
- Interview: Mondelez eyes sweet success in China
- ConAgra acquires Frontera Foods' "gourmet" brands
- Nestle revamps foodservice arm
- Aryzta FY profits fall
- Nestle close to finalising Garoto deal
- Nestle launches Nesquik Protein Plus for adults
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Global Chocolate Confectionery Overview: Challenges, Opportunities and Risks
- Global Foodservice Market 2016-2020
- Constellation Brands, Inc. (STZ) - Financial and Strategic SWOT Analysis Review
- Global Food and Drinks Closures: Performance and Opportunities