Tyson Foods Inc prevailed over Pilgrim’s Pride Corp in a bidding war between meat processors over Hillshire Brands Co, with an increased offer valuing the maker of Jimmy Dean sausages at $8.55 billion including debt. Tyson, the world’s second biggest meat processor, said on Monday it would offer $63 per share for Hillshire, a premium of nearly 7 percent to Hillshire’s closing price on Friday. The offer followed a bidding process that concluded on Sunday. Pilgrim’s Pride said it had withdrawn its offer. Read more at Reuters…
Recent Posts
Application now open for TSCRA Leadership Development Foundation Working Grant Program
Entrepreneurs encouraged to apply for beef industry grant program through May 31 FORT WORTH (May …
Texas Environmental Stewardship Award Program accepting nominations
FORT WORTH, Texas (May 1, 2024) - Texas & Southwestern Cattle Raisers Association and Texas …
Continue Reading about Texas Environmental Stewardship Award Program accepting nominations
Crime Watch: Horse stolen in Tarrant County
Texas & Southwestern Cattle Raisers Association Special Ranger Robert Pemberton, District 10 in …
Continue Reading about Crime Watch: Horse stolen in Tarrant County