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]
In our April Recall Roundup for food, supplements, and even a few over-the-counter drugs, the lemon cookies have peanut butter, the vegan hot chocolate mix has dairy, and a lot of organic peppercorns might be contaminated with salmonella. [More]
There are some foods that really shine when they’re dipped in savory sauces, but no amount of barbecue sauce is going to make that bit of plastic taste like a chicken nugget. Which is why Tyson Foods is recalling more than 75,000 pounds of chicken nuggets that could possibly contain crunchy bits of plastic. [More]
When the country’s biggest meat producer says “This isn’t working out,” it’s a big deal: Tyson Foods announced that it’s effectively dumping an Oklahoma pig farm by terminating its contract, after a news investigation showed undercover videos of alleged abuse at the facility. [More]
Tyson Foods has 14 days to stop claiming that their chickens are “raised without antibiotics.” The deceptive nationwide campaign was brought to an end after rivals Sanderson Farms and Purdue filed suit claiming that all three poultry processors use antibiotics, and that Tyson was trying to steal an undeserved appearance of health.
Eat that chicken and your wallet takes a lickin. The CEO of Tyson Foods, makers of fine chicken, beef, and pork products, said in a conference call yesterday, “We have no other choice but to raise prices substantially…We are raising prices because we can’t absorb these costs. Despite concerns about the economy, people have to eat, and they will continue to eat protein.” 2008, the year of tightening wallets… and belts?
Two of the biggest U.S. food manufacturers, Tyson Foods and Mission Foods, have unilaterally told suppliers not to use ingredients from China.