Tyson outbids Pilgrim's for Hillshire

Tyson Foods’ higher bid for Hillshire Brands has caused Pilgrim’s Pride to withdraw its offer for the convenience food maker.

Pilgrim's first announced its intentions to acquire Hillshire two weeks ago, but soon faced competition from Tyson.

Tyson’s bid of $63 per share depends on Hillshire ending its agreement to buy Pinnacle Foods.

“The Hillshire Brands acquisition would represe

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