Articles Tagged with ''Tyson''

Company reports record sales of $37.6 billion, an increase of 9% over prior year.

Executive team for the new, $40 billion company announced.

The decision will affect approximately 950 people.

The all-cash transaction is valued at approximately $8.55 billion, including Hillshire Brands’ outstanding net debt.

Hillshire Board will now review the Tyson Foods acquisition offer.

The offer from Tyson is worth $7.75 billion based on Hillshire’s 123 million shares outstanding.

There can be no assurance that any transaction will result from these proposals, company states.

Andy Hanacek offers his thoughts on the roller-coaster battle royal for Hillshire Brands, and how he thinks Pilgrim’s Pride would benefit more from the acquisition, in this special edition of From the Editor’s Desk.

Announcement comes one day after Pilgrim’s Pride made public its own acquisition efforts.

Sales for the second quarter reached a record $9.03 billion, and operating income increased 53% to $361 million.