US: Pilgrim’s Pride entices Hillshire to scrap Pinnacle buy (Competition Policy International)

Hillshire Brands is reportedly set to acquire Pinnacle Foods for $4.2 billion, but the deal could now be in jeopardy as competing food producer Pilgrim’s Pride is reportedly seeking to acquire Hillshire, only if Hillshire abandons its bid for Pinnacle.

According to reports, Pilgrim’s Pride is willing to pay $6.4 billion …read more

Source: Global Competition Law Blogs