NEWS
Mon Jun 9, 2014 07:54 AM CDT

(Dow Jones) -- Tyson Foods Inc. emerged as the winner in a battle to acquire Hillshire Brands Co., offering almost a billion dollars more than rival Pilgrim's Pride Corp.'s bid last week for the maker of Jimmy Dean sausages.

Tyson offered $63 in cash per share, a bid that valued Hillshire near $7.7 billion. Pilgrim's Pride, a unit of Brazilian meatpacking giant JBS SA, withdrew its offer for Hillshire.

The process came to a head this weekend with final bids for the company being due Sunday afternoon, people familiar with the matter said.

Pilgrim's didn't raise its offer, worth $55 ...

Quick View
  • Dr. Dan Talks Agronomy DTN Contributing Agronomist Dan Davidson gives his take on the Six Secrets of Soybean Success pro...
  • Mountain Top Prices North Carolina's mountain cattle producers have always been an independent bunch. But a new allia...
  • Ask The Mechanic Ask the Mechanic answers the question about how VW and German engineering was able to get by with...
  • Senior Partners - 4 Except for family sales, seller financing virtually vanished after the farm crisis of the 1980s w...
  • PNW Ag Hit by Historic Drought In addition to problems with the Northwestern wheat crop, cattle are also being adversely affecte...
  • RFS Deadline Nears With the deadline to file comments on the proposed Renewable Fuel Standard volumes to strike at m...
  • Saving Our Forgotten Harvest About 40% of America's food goes uneaten each year. This nonprofit is working to remedy that prob...
  • Look Beyond Yield Soybean industry increases efforts to promote the importance of oil and protein content to farmer...
  • Ask the Vet Is this fly-control mineral block safe for my whole herd?
Related News Stories
China Culled 20% of Hog Herd
Harrington's Sort and Cull
Bird Flu Leads to Cheaper Chicken in US
House Votes to Repeal COOL
Congress Considers COOL Repeal
Harrington's Sort and Cull
Flu Hits 3rd Post Chicken Flock in Neb.
Bird Flu Decimates Egg Supply
Canada Ready to Hit U.S. With Tariffs
Bird Flu Could Cost MN, IA $1 Billion