(Tracy O)

Pilgrim’s Pride Raises Its Bid To More Than $6.7B For Hillshire Brands After Tyson’s Offer

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]