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]

(kenfagerdotcom)

Comcast And Charter Consider Buying Time Warner Cable. No, Really

There are many changes that could improve cable television and broadband internet service in the United States, but “more mergers” certainly isn’t one of them. That’s why we started screaming hysterically in the Consumerist offices today when we learned that Charter and Comcast are both weighing their options and thinking about acquiring Time Warner Cable. [More]

Walgreens Opens Wide, Swallows Up Duane Reade

Walgreens Opens Wide, Swallows Up Duane Reade

Anyone who’s lived in — or even visited — New York City is familiar with Duane Reade Pharmacies, the only business that competes with Starbuck in terms of retail space in the five boroughs. And, as a New Yorker, I know it’s a love-hate relationship with the local chain. But the era of a Duane Reade on every corner in Manhattan may be coming to an end with the announcement this morning that Illinois-based drugstore giant Walgreens is in the process of buying Duane Reade out. [More]

http://consumerist.com/2007/08/14/sorry-airtran-your-hostile-takeover/

Sorry, AirTran, your hostile takeover failed. An investment group lead by Northwest Airlines will buy Midwest Airlines, taking the airline private. The fate of the chocolate chip cookies is unknown. [Washington Post]