Mon June 9, 2014
Tyson Foods Prevails In Bidding War For Hillshire Brands
DAVID GREENE, HOST:
NPR's Business News like, perhaps your breakfast, begins with sausage. Tyson Foods has prevailed in a bidding war for Hillshire Brands, the maker of Jimmy Dean sausage as well as Ball Park hotdogs. The deal, reportedly worth just under $7 billion, was made over the weekend, although details have not yet been made public. Tyson, the nation's biggest meat company, beat out Pilgrim's Pride, which is owned by a giant Brazilian food Corporation. Transcript provided by NPR, Copyright NPR.