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
Related News Stories
Antibiotics Study Released
Consumers Want Antibiotic-Free Beef
Perdue Farms Buys Niman Ranch Brand
Harrington's Sort and Cull
First Turkey Farm in Iowa Restocked
China Culled 20% of Hog Herd
Harrington's Sort and Cull