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Tyson makes competing $6.1-billion offer for Hillshire Brands
Tyson makes competing $6.1-billion offer for Hillshire Brands

The food fight over Hillshire Brands Co. is getting messier. The Chicago company, maker of Ball Park franks and Jimmy Dean sausage, has received unsolicited takeover offers from two rival meat-processing heavyweights. Tyson Foods Inc. on Thursday offered an all-cash deal of $6.1 billion, or $50 a share. That topped an offer that came just two days earlier from Pilgrim's Pride Corp. of $45 a share, or about $5.5 billion. The battle being waged will ultimately play out in the grocery aisles where Americans shop. At stake is a pantry full of well-known brands including Hillshire Farm processed meats and Sara Lee desserts. Tyson and Pilgrim's are seeking to expand beyond meat...

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