
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 US meat giant is set to buy the maker of Jimmy Dean sausages for US$8.55bn after a bidding war with processing rival Pilgrim's Pride – and scuppering Hillshire's own plan to buy another US group, Pinnacle Foods.
Pilgrim's Pride is reportedly upping its offer for the acquisition of Hillshire Brands to US$55 a share.
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