date:Jun 05, 2014
Bids for sausage maker Hillshire Brands Co (HSH.N) don't have much room to rise above current levels, analysts tell Reuters.
Pilgrim's Pride Corp (PPC.O) sweetened its per-share bid on Tuesday to $55 from $45, beating Tyson Foods Inc's (TSN.N) $50 offer.
Some analysts are betting the final deal will be around $60 per share, a view backed by investors, who have sent Hillshire's stock above $59.
These are rich, rich offers, said Vicki Bryan, senior high yield analyst at corporate bond research