GFM Network News

Pilgrim’s bid for Hillshire puts Pinnacle deal in peril

Reuters — Pilgrim’s Pride Corp. on Tuesday offered to buy Hillshire Brands in an all-cash deal valued at US$6.4 billion, as the world’s second-largest chicken processor seeks to expand its protein footprint with Hillshire’s sausages and lunch meats. Shares in Hillshire soared almost 23 per cent on word of the bid, which landed two weeks […] Read more