JBS launches Hillshire Brands bid

JBS launches Hillshire Brands bid

M&A

Pilgrim’s Pride, 75% owned by Brazil’s JBS, launched a $6.4bn bid for US company Hillshire Brands on Tuesday. It is offering $45 per share. That is a 25% premium to Hillshire’s average trading price since it agreed to buy Pinnacle Foods for $6.6bn on

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