date:Jun 11, 2014
Tyson Foods bid to acquire Hillshire Brands for $63 per share in cash plus the assumption of debt for a total transaction value estimated to be $8.55 billion underscores how important it is to the company to grow its Prepared Foods business unit.
During 2013, Tyson Foods executed three acquisitions designed to support and grow Prepared Foods. The deals included Don Julio Foods, a maker of flour and corn tortilla chip products in February 2013; Circle Foods L.L.C., a maker of handheld Mexican fo