Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
5/29/2014 11:50:00 AM Write a Letter to the Editor Write a letter to the Editor

Tyson Bids $6.2 Billion for Hillshire


Daniel Acker/Bloomberg News

Tyson Foods Inc. made an unsolicited $6.2 billion offer to buy Hillshire Brands Co., trumping a competing bid from Pilgrim’s Pride Corp. of $6.1 billion.

 

Both food-processing companies have large private truck fleets.

 

Tyson is offering $50 a share, representing a premium of 35%, and said its offer is subject to Hillshire terminating an agreement to buy Pinnacle Foods Inc.

 

Tyson, with about 2,600 trucks and 6,000 trailers, ranks No. 11 on Transport Topics Top 100 listing of U.S. and Canadian private carriers. Hillshire, with about 340 tractors and 3,300 straight trucks, ranks No. 83.

By Transport Topics
Bloomberg News contributed to this story

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2014, Transport Topics Publishing Group. All rights reserved.


  RELATED ARTICLES

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising




© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement