date:May 30, 2014
S. meat processor, trumped Pilgrim's $45 per share bid earlier this week.
Both all-cash bids include the assumption of Hillshire's debt.
Tyson put the total value of its bid at $6.8 billion, based on 125 million outstanding Hillshire shares and debt of roughly $500 million.
About two weeks ago, Hillshire said it planned to buy Pinnacle Foods Inc, known for its Birds Eye frozen vegetables, in a deal it valued at $4.3 billion excluding debt. That pact, considered less appealing by some investor