Feds Side With Sara Lee Workers Subjected To Racist TauntsThe Equal Employment Opportunity Commission investigated the Texas plant, which closed in 2011, for two years after dozens of employees filed complaints against Chicago-based Sara Lee, which has since morphed into Hillshire Brands.
Tyson Moves Forward With Acquisition Of Hillshire BrandsTyson Foods Inc. has signed a definitive deal to purchase Chicago-based Hillshire Brands Co. for $7.75 billion, two days after the maker of Jimmy Dean sausages and Ball Park hot dogs was let out of its agreement to buy Pinnacle Foods.
Tyson Wins Bidding War For Hillshire With $7.75B OfferTyson had been vying with rival poultry producer Pilgrim's Pride for Hillshire, which wrapped up its bidding process Sunday. Tyson ended up raising its offer to $63 per share. It had previously offered $50 per share, after which Pilgrim's Pride raised its bid to $55 per share.
Hillshire To Talk With Tyson, Pilgrim's PrideTakeover bids by Pilgrim's Pride and Tyson Foods are being driven by the desirability of brand-name processed products like Jimmy Dean breakfast sandwiches.
Tyson Offers To Buy Hillshire Brands For $6.2BTwo days after poultry producer Pilgrim's Pride made a $5.58 billion bid for the maker of Ball Park hot dogs and Jimmy Dean sausages, Tyson Foods Co. barged in with a $6.2 billion offer.
Pilgrim's Pride Offers To Buy Hillshire For $5.58BThe poultry producer Pilgrim's Pride is offering to acquire Chicago-based meat producer Hillshire Brands in a deal worth about $5.58 billion to create a "protein-focused company."
Hillshire Looks Beyond Meat With Birds Eye, VlasicThe Chicago-based company, which makes Hillshire Farm lunch meats, Jimmy Dean sausages and Ball Park franks, said Monday that it would buy Pinnacle Foods in a deal valued at $4.23 billion.
Sara Lee Bakery Outlets Will Close Under Corporate SplitSara Lee’s impending split into two companies means the end of its bakery outlet stores. The 11 stores nationwide, including two in Chicago and seven in the suburbs, will close by the end of November.