NEWS
Thu May 29, 2014 04:55 PM CDT

(Dow Jones) -- Tyson Foods Inc. offered $6.1 billion to buy Hillshire Brands Co., setting up a battle between meatpacking heavyweights for the maker of Jimmy Dean sausage and Ballpark hot dogs.

The offer of $50 a share comes just two days after rival Pilgrim's Pride Corp., owned by Brazilian meat processor JBS SA, unveiled an unsolicited bid for Hillshire worth about $5.5 billion, or $45 a share.

Both offers aim to top Chicago-based Hillshire's planned $4.3 billion purchase of packaged-foods company Pinnacle Foods Inc., announced less than three weeks ago.

All the companies involved are trying to diversify the ...

Quick View
  • Betting on Shorter Beans Researchers at the University of Nebraska and Purdue University have pinpointed a gene that produ...
  • Super Food Silage has never gone out of fashion in Bath County, Kentucky, even when the lure of $6- to $8-pe...
  • Farmers Pivot Back After Storms The majority of center pivots damaged by severe weather earlier this summer in Nebraska are up an...
  • Pick Contingency Plans - 3 As crop prices and insurance coverage swoon, farmers may need to supplement incomes with federal ...
  • Weathering the Drought Parts of the panhandle and western Oklahoma are still considered as being in extreme or exception...
  • AFBF Appeal The American Farm Bureau Federation asked a federal appeals court to reverse a lower court's Sept...
  • Pick Contingency Plans - 2 Commodity payments are largely capped at $125,000 per person. People must also report under $900,...
  • Ask the Vet Some tips on fly control.
Related News Stories
Sources: US Lost WTO COOL Round
Tyson to Shed Three Plants
Harrington's Sort and Cull
Black Eyes
Tyson Wins Hillshire Battle
Harrington's Sort and Cull
Brazilians' Meat Ambitions
Hillshire Plans Talks
Poultry Industry Roaring Back
Pilgrim's Seeks to Buy Hillshire