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Tysona¿¿s Tops Pilgrim's Pride in Hillshire Brands Battle

TheStreet 1:48 mins

The slugfest is over, and Tyson's Foods is officially the winner. The Arkansas food production company will walk away the winner from the auction for Hillshire Brands, striking a deal at $63 a share over the weekend. Competing bidder Pilgrim's Pride abandoned its efforts, having topped out at $55 a share. Hillshire will have to give up a deal to buy Pinnacle Foods, a recent successful IPO, that could leave Pinnacle in play. But, elsewhere in the food sector, deals have been heating up, and organic M&A targets abound as well. So far in 2014, private equity and strategic bidders alike have been interested in a good meal. The Deal's Sarah Pringle and Jon Marino have details in Merger Talk from the floor of the NYSE.

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