Hillshire Brands

After previous reports that Hillshire Brands would merge with Pinnacle Foods Group, the former has recently announced that the company’s board of directors have suggested terminating the agreement and instead moving forward with acquiring Tyson Foods, Inc for around $8.5 billion. This decision puts the the ball back in Pinnacle Food’s court, according to Food Business News. In a statement, Hillshire Brands said:“In accordance with the terms of the Pinnacle …

Hillshire Brands has announced that it has agreed terms with Pinnacle Foods Inc through which Hillshire Brands will buy all remaining shares of Pinnacle Foods in a cash and stock deal. Under the terms of the agreed deal, each Pinnacle Food common stock share will be traded for $18.00 USD in cash and 0.50 shares of Hillshire Brands common stock. The total value of the deal will be around $6.6 …

It has been reported that The Hillshire Brands Co. has agreed to acquire Van’s Natural Foods from private equity firm Catterton Partners. The company has said it will pay $165 million in the deal. The acquisition would broaden Hillshire’s portfolio of frozen food products and extend the company’s reach into the cereal and snack categories with the Van’s product line featuring products such as chips, cereals, crackers, french toast, pancakes, …