Tyson Wins Hillshire Brands’ Bidding Battle

Tyson Foods, Inc. (NYSE:TSN) has apparently prevailed over Pilgrim’s Pride Corporation (NASDAQ:PPC) by offering to buy Hillshire Brands Co (NYSE:HSH) for $8.55 billion, including debt. Tyson Foods’ offering represents a premium of nearly 7% to Hillshire Brands’ closing price on Friday. Tyson Foods tops Pilgrim’s offer Last week, poultry producer Pilgrim Pride offered to purchase Hillshire Brands Co (NYSE:HSH) for $45 per share in a $6.4 billion cash offer to acquire wider product diversification in the grocery arena. Interestingly,  last week’s offer turned Hillshire from hunter to hunted. Last month, it was reported that Pinnacle Foods Inc (NYSE:PF), marketer of brands such…