May 29 Tyson Foods Inc, the largest U.S.
meat processor, offered to buy Hillshire Brands Co in a
deal valued at $6.8 billion to expand into the breakfast food
Tyson said it would offer $50 per share, representing a
premium of about 11 percent to Hillshire's closing on Wednesday.
The offer comes two days after Pilgrim's Pride Corp
offered to buy Hillshire in an all-cash deal valued at $6.4
billion to expand its protein footprint with Hillshire's
sausages and lunch meats.
(Reporting by Devika Krishna Kumar in Bangalore; Editing by