In a move weeks in the making, Hillshire Brands officially left Pinnacle Foods at the altar for Tyson Foods. [More]
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]
When Pilgrim’s Pride first started its pursuit of Hillshire Brands, the company behind Jimmy Dean breakfast sausages, a $6.4 billion offer seemed like a good place to start. But now that Tyson Foods is on the scene, flinging about a $6.8 billion bid of its own, Pilgrim’s Pride is feeling the heat of competition and has come back with a raised offer of more than $6.7 billion. [More]
Awhile back we posted some videos that show how butchers get away with vacuum pumping water into meat to make it weigh more. Some of them try to be “honest” about it by throwing a little soy sauce in there and calling it marinade. Whatever. We don’t pay by the pound for our marinade and neither should you.