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 Pilgrim’s Pride said it had withdrawn its offer.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…
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