1. Citing Superior Tyson Offer, Hillshire Steps Away From Pinnacle Foods

    Citing Superior Tyson Offer, Hillshire Steps Away From Pinnacle Foods

    Hillshire Brands, the belle of of the food-processing takeover ball, announced Monday morning that its board of directors has withdrawn its previous recommendation to acquire Pinnacle Foods in light of Tyson Food's "superior" $8 billion bid for Hillshire...

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    1. Pinnacle Foods made no such proposal.
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