Tyson Foods and Hillshire Brands Announce Definitive Merger Agreement

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Tyson Foods (TSN) to Acquire Hillshire (HSH) for $63/Share

July 2, 2014 8:02 AM EDT

Tyson Foods (NYSE: TSN) and The Hillshire Brands Company (NYSE: HSH) announced that they have entered into a definitive agreement under which Tyson Foods will acquire all outstanding shares of Hillshire Brands for $63 per share. The all-cash transaction is valued at approximately $8.55 billion, including Hillshire Brands' outstanding net debt. In addition, Tyson Foods will be making, on behalf of Hillshire Brands, a payment of the $163 million termination fee associated with the termination of Hillshire Brands' merger agreement with Pinnacle Foods Inc. (NYSE:... More