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Pilgrim's Pride offers $5.5 billion to buy Hillshire

from The Wall Street Journal

Pilgrim's Pride Corp. unveiled an offer to acquire fellow food producer Hillshire Brands Co. for roughly $5.5 billion, complicating a planned deal between Hillshire and Pinnacle Foods Inc.

Related: Hillshire investor Eminence will vote against Pinnacle deal (Bloomberg Businessweek) more

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