US: Pilgrim’s reacts to Tyson bid for Hillshire with jumbo offer (Competition Policy International)

A bidding war is brewing within the US food industry as rival bids for Hillshire Brands continue to heat up.

According to reports, Pilgrim’s Pride has put forward a nearly $8 billion offer for Hillshire in response to rival Tyson’s $6.8 billion bid.

Tyson announced its bid after Pilgrim’s first offered $6.4 …read more

Source: Global Competition Law Blogs