Pilgrim’s Pride bids to acquire Hillshire Brands for $6.4 billion
date:May 28, 2014
he company has a strong presence in the retail frozen food and lunch meat sections with such brands as Jimmy Dean, Ball Park, Hillshire Farm and State Fair.

For JBS S.A., the acquisition of Hillshire Brands would give it a strong presence in the retail marketplace throughout the United States, and a business that would add value to the protein raw materials it produces.

The offer represents a 25% premium to the volume weighted average price of Hillshire shares over the 10 trading days followin
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