Share on StockTwits

Tyson Foods won the bidding war for Hillshire Brands Co with an all-cash offer that values the maker of Jimmy Dean sausages at $8.55 billion and would be the biggest deal yet for the global meat business. Tyson, the largest U.S. meat processor, on Monday announced an agreement to buy Hillshire for $63 per share. That topped last week’s $55 bid from Pilgrim’s Pride Corp , which is majority owned by Brazilian meatpacking giant JBS SA. Investors cheered the final deal, sending shares in Hillshire up 5.1 percent to $61.92 in afternoon trading.

“Tyson Wins Bidding War For Hillshire Over Pilgrim’s Pride” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.