Tyson Foods offers $6.8bn to acquire Hillshire Brands

GMT 08:44 2014 Thursday ,29 May

Arab Today, arab today Tyson Foods offers $6.8bn to acquire Hillshire Brands

Chicken are displayed in a supermarket
New York - AFP

US meat giant Tyson Foods Thursday announced a $6.8 billion proposal to acquire frozen-foods and prepared meats company Hillshire Brands, entering a complex takeover battle that now involves four companies.
Tyson's bid follows Tuesday's $6.4 billion offer for Hillshire by chicken producer Pilgrim's Pride, and both offers have posed a challenge to Hillshire's own plan to buy Pinnacle Foods for $6.6 billion.

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