Citing Superior Tyson Offer, Hillshire Steps Away From Pinnacle Foods - forbes.com -BoardProspects

Citing Superior Tyson Offer, Hillshire Steps Away From Pinnacle Foods

forbes.com Jun 16 2014 BoardNews

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Brands, the belle of of the food-processing takeover ball, announced Monday morning that its board of directors has withdrawn its previous recommendation to acquire Pinnacle Foods in light of Tyson Food's "superior" $8 billion bid for Hillshire...
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Quotes
1. Pinnacle Foods made no such proposal.
Topics Mentioned
- Board of Directors
- CEO
Authors
- Maggie Mcgrath, Forbes Staff
- Maggie Mcgrath