Pilgrim's Pride offers to buy Hillshire in $6.4 bln deal

Tue May 27, 2014 7:15am EDT

May 27 (Reuters) - Poultry producer Pilgrim's Pride Corp said it offered to buy packaged food company Hillshire Brands Co in a deal valued at $6.4 billion.

The cash offer of $45 per share represents a premium of about 22 percent to Hillshire's Friday closing. (Reporting by Devika Krishna Kumar in Bangalore; Editing by Saumyadeb Chakrabarty)

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