date:Jun 05, 2014
times EBITDA, according to research firm investment bank Harris Williams Co.
Tyson can certainly get to a $60 per share bid, Bernstein's Howard said. We do not see it going much higher than that, however, given the likely negative shareholder reaction to a much richer valuation for Hillshire.
Tyson declined comment.
Both Pilgrim's and Tyson would require Hillshire to terminate its bid for Birds Eye frozen vegetable seller Pinnacle Foods Inc (PF.N). Some analysts and investors view a Pinnacle