date:May 30, 2014
Tyson Foods Inc has offered to buy Hillshire Brands Co for $6.3 billion, upstaging Pilgrim's Pride Corp 's offer for the sausage company earlier in the week, in a deal that would broaden Tyson's supermarket food offerings.
Investors lauded Thursday's news, sending shares of Hillshire, known for its Jimmy Dean and Hillshire sausages, nearly 18 percent higher to $52.69, above Tyson's $50 per share offer, suggesting that some investors expect a bidding war.
The overture from Tyson, the biggest U.