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Hillshire in separate takeover talks with Tyson, Pilgrim's Pride
Hillshire in separate takeover talks with Tyson, Pilgrim's Pride

Hillshire Brands has some options: Tyson Foods or Pilgrim's Pride?  The Chicago food company said Tuesday it is conducting separate talks with its two takeover suitors, who are competing to merge with the maker of Ball Park franks and Jimmy Dean sausage.  Tyson Foods Inc. on Thursday submitted an all-cash offer of $50 a share, or $6.1 billion. That topped an offer that came two days earlier from Pilgrim's Pride Corp. of $45 a share, or about $5.5 billion. Industry watchers say Springdale, Ark.-based Tyson and Pilgrim's Pride, which is owned by Brazilian meat processor JBS, are trying to expand beyond the sometimes volatile sector of fresh meat and get into...

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