Tyson will buy Hillshire Brands, reports say.
(Photo: Paul Sakuma, AP)
U.S. meat giant Tyson Foods announced today that it has offered to acquire all outstanding shares of Hillshire Brands Company for a price of $63 per share in cash.
The all-cash transaction is valued at about $8.5 billion, including Hillshire Brands’ outstanding net debt, Tyson Foods said in a statement.
This tops an earlier offer: Last Thursday Tyson Foods offered $50 a share — $6.8 billion, by Tyson’s calcula
Visitors take photos outside Wait Chapel at Wake Forest University in Winston-Salem, N.C., Friday, June 6, 2014. Former President Bill Clinton and Oprah Winfrey are joining First Lady Michelle Obama at a weekend memorial service for poet and author Maya Angelou at Wait Chapel. (AP Photo/Chuck Burton)
In a moving tribute to Maya Angelou on Saturday former President Bill Clinton said that her greatest gift during her action-packed lifetime was paying attention to life around her and sharing it
--Former heavyweight boxing champion, Mike Tyson shares his thoughts on African-Americans expressing their disappointment in President Obama's presidency. (Piers Morgan Tonight) 
