SPRINGDALE, Ark. and CHICAGO, Ill. — Tyson Foods Inc. and The Hillshire Brands Co. have announced that they have entered into a definitive agreement under which Tyson Foods will acquire all outstanding shares of Hillshire Brands for $63 per share. The all-cash transaction is valued at approximately $8.55 billion, including Hillshire Brands’ outstanding net debt.
In addition, Tyson Foods will be making, on behalf of Hillshire Brands, a payment of the $163 million termination fee associated with the termination of Hillshire Brands’ merger agreement with Pinnacle Foods Inc. The board of directors of Hillshire Brands has accepted the notice. . .
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