Pilgrim's Pride reportedly lines us a number of banks to help finance its offer for Hillshire Brands as it escalates its bidding war with Tyson Foods
June 5, 2014
(Industry Intelligence Inc.)
– According to people familiar with the matter, Pilgrim's Pride Corp. has lined up a number of banks to help finance its offer for Hillshire Brands Co. as it escalates its bidding war with Tyson Foods Inc, Thomson Reuters Corp. reported June 5.
Earlier this week, Pilgrim's Pride said it had raised its offer for Hillshire to US$55 per share, which valued the company at $7.7 billion including debt.
The primary source of this article is Thomson Reuters Corp., London, England, on June 5, 2014. Click here to read the primary source's full version of the article.