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Pilgrim’s Pride raises offer to $7.7 billion for Hillshire Brands
date:Jun 04, 2014
Pilgrims Pride has increased its offer to acquire the Hillshire Brands Co., Chicago, to $55 per share in a proposed transaction that is now valued at $7.7 billion. Pilgrims Prides revised bid came in response to an offer submitted by Tyson Foods, Inc., Springdale, Ark., on May 29 to acquire Hillshire Brands for $50 per share in a proposal valued at $6.8 billion.

On May 27, Pilgrims Pride offered to acquire Hillshire Brands for $45 per share. The company said that if its bid is successful the ac

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