US: Watchdog orders Tyson sow unit sale to clear Hillshire deal
Tyson Foods has agreed to sell its sow purchasing business in order to secure regulatory clearance of its acquisition of Hillshire Brands.
Tyson, Hillshire strike deal on takeover
US: Tyson sells Mexico, Brazil ops to JBS
Tyson Foods has struck a deal to sell its operations in Mexico and Brazil to meat processing rival JBS.
US: Tyson, Hillshire confirm takeover
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.
US: Hillshire board withdraws backing for Pinnacle buy
Hillshire Brands' board has withdrawn its support for the US group's acquisition of local peer Pinnacle Foods in the wake of Tyson Foods' US$8.55bn takeover bid for the Jimmy Dean sausage maker.
In the spotlight: Tyson pays the piper to secure Hillshire
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 maker. But, at 16.7x EBITDA, is the lofty price of US$8.55bn overly inflated? Katy Askew investigates.
US: Tyson unveils US$8.55bn Hillshire deal, Pilgrim’s withdraws
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. The offer price of $63 a…
US: Tyson “outbids Pilgrims” in battle for Hillshire
Tyson Foods has reportedly raised its bid for Hillshire Brands, outbidding rival Pilgrim's Pride in the battle to take control of the Jimmy Dean maker. According to Bloomberg, which cited…
US: Hillshire confirms higher bid from Pilgrim’s Pride
Hillshire Brands has confirmed Pilgrim's Pride has increased its takeover bid for the US food group, following speculation earlier today (3 June). In a statement this morning, Hillshire said Pilgrim's Pride,…
US: Pilgrim’s Pride reportedly ups offer for Hillshire buy
Pilgrim's Pride is reportedly upping its offer for the acquisition of Hillshire Brands to US$55 a share. The firm is engaged in a bidding war with Tyson Foods and initially…
Focus: Tyson raises the stakes in Hillshire bidding war
Tyson Foods entered fray today (29 May) when it issued a fresh bid for Hillshire Brands, trumping an earlier offer from Pilgrim's Pride. Like Pilgrim's, Tyson stressed the strategic merits…
Editor’s viewpoint: Seeing the value in being lean
It is over three years since the management of the then Sara Lee set out plans to split the US food and beverage business in two - one focused on…
