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Pilgrim’s Pride raises offer to $7.7 billion for Hillshire Brands
date:Jun 04, 2014
t to which Hillshire Brands agreed to acquire Pinnacle Foods for per share consideration of $18 in cash and 0.5 shares of Hillshire Brands common stock, the company said in a statement. Both the Pilgrims Pride and Tyson Foods proposals are conditioned on the termination of the Pinnacle Foods merger agreement. Hillshire Brands does not have the right to terminate the Pinnacle Foods merger agreement on the basis of either of these proposals or enter into an alternative acquisition agreement with e

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