Thursday, July 03, 2014

Tyson Announces signing of definitive agreement for Hillshire

The North American Tyson Foods announced the signing of definitive agreement for purchase of Hillshire Brands by 8.55 billion dollars, the company that had been the subject of dispute with JBS's u.s. subsidiary, the Pilgrim's Pride.
Tyson Foods will acquire all the outstanding shares of Hillshire Brands for 63 dollars per paper.
The company informed that still do, in the name of Hillshire Brands, payment of 163 million dollars in fines because of the closure of the negotiation was underway for the acquisition of Pinanacle Foods.
The transaction, according to the statement from Tyson, was approved unanimously by the boards of Directors of both companies.
The Hillshire has been the subject of dispute between the two global giants in the sector of animal protein, Tyson and JBS, which raised its initial proposals in an attempt to take the company. The dispute was ended in early June, when Tyson 8.55 billion proposed by Hillshire, shortly before its offer by removing JBS Hillshire.
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