Tyson Foods Ups Hillshire Bid To $8.5B, Competitor Pilgrim’s Pride Withdraws Offer

Tyson Foods Ups Hillshire Bid To $8.5B, Competitor Pilgrim’s Pride Withdraws Offer

If there were a book dedicated to showing companies how to win bidding wars, one of the surefire way to come out on top might include raising your offer by $2 billion. The tactic seems to have worked for Tyson Foods in its quest to outbid Pilgrim’s Pride in acquiring Hillshire Brands. [More]