Tyson’s tender offer for Hillshire set at $63 per share

July 17, 2014

Tyson Foods has commenced a cash tender offer for all outstanding shares of common stock of The Hillshire Brands Company at a price of $63.00 per share. The tender offer is being made pursuant to the previously announced merger agreement dated July 1, among the two companies.

The tender offer period will expire at midnight Aug. 12.

According to a news release, Tyson Foods has filed a tender offer statement on Schedule TO with the United States Securities and Exchange Commission. Its subsidiary, HMB Holdings, is the acquirer in the tender offer.

Following successful completion of the tender offer, any outstanding shares will be acquired in a second-step merger at the same $63 per share cash price.

Topics: Equipment & Supplies, Food Cost Management

Sponsored Links:

Related Content

Latest Content

Get the latest news & insights





Commodities: Somebody must have hit replay ... but no complaints