Tyson Foods Strikes Definitive Deal For Hillshire Brands

Tyson Foods, Inc. (NYSE:TSN) formally struck a deal on Wednesday to buy Hillshire Brands Co (NYSE:HSH) for $7.7 billion, capping a drawn-out bidding war.

As part of the deal, Hillshire Brands Co (NYSE:HSH)’s Jimmy Dean sausages, Ball Park hot dogs and other products would come under the ambit of Tyson Foods, Inc.

Tyson Foods’ conditional offer

In June, Tyson Foods, Inc. (NYSE:TSN) prevailed over Pilgrim’s Pride Corporation by offering to buy Hillshire Brands Co for $8.55 billion including debt. Earlier, poultry producer Pilgrim Pride offered to purchase Hillshire Brands Co for $45 per...