Tyson is charity $50 a share, representing a understanding premium
of 35 percent, a Springdale, Arkansas-based association pronounced today
in a statement. It pronounced it has financing for a takeover arranged
with Morgan Stanley. Tyson also pronounced a offer is theme to
Hillshire terminating an agreement to buy Pinnacle Foods Inc.
Tyson, led by Chief Executive Officer Donnie Smith, is
looking to enhance serve into branded, value-added packaged
foods that have wider margins and some-more fast gain compared
with a normal commodity beef business.
Morgan Stanley and JPMorgan Chase Co. are behaving as
financial advisors to Tyson and Davis Polk Wardwell LLP is its
To hit a contributor on this story:
Simon Casey in New York at
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Simon Casey at