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Pilgrim's Pride submits $6.4bn proposal to acquire Hillshire Brands

2014-05-29 01:00:00| Food Processing Technology

Pilgrim's Pride, a leading producer of poultry in the US, has submitted a proposal to acquire packaged food company Hillshire Brands for $45.00 per share in cash, in a deal which values the company at $6.4bn, including the assumption of debt.

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