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Last updated on Friday, August 29, 2014, 9:36 am

Tyson Digs Deep For Coveted Hillshire Deal

Editor's Note: This story went to press Aug. 28, just a few hours before the announcement by Tyson Foods that its acquisition of Hillshire Brands Co. was complete. For updated details on the merger, including specifics on the new leadership team as one company, click here.   To pull off the biggest deal in the history of the U.S. meat industry, Tyson Foods Inc. needed a mountain of money. Through a package of bonds, loans, stock, tangible equity units and cash, the king of protein had just that — $8.5 billion, enough to acquire Hillshire Brands Co., the nation’s leader in premium packaged meats. Completion of the merger was expected Aug. 28, just as the Northwest Arkansas Business Journal went to press. Once the ink is dry, the pecking order in the protein market will be clear... [ MORE ]

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