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Hillshire Brands one step closer to merging with Tyson Foods
date:Jun 17, 2014
recommendation, Hillshire Brands said in a statement. Upon receipt of that notification, under the terms of the merger agreement with Pinnacle Foods, Pinnacle Foods could propose changes to the merger agreement such that the Tyson Foods offer would no longer constitute a superior proposal. Pinnacle Foods made no such proposal.

Under the terms of the agreement with Pinnacle Foods, as a result of the change in the boards recommendation, Pinnacle Foods may terminate the merger agreement. The agre

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