Tyson Foods Inc, the largest U.S. meat processor, offered to purchase Hillshire Brands Co in a deal valued at $6.8 billion to expand into the breakfast food category. Tyson said it would offer $50 per share, representing a premium of about 11 percent to Hillshire's closing on Wednesday.
Tyson Foods, Inc. is a food production company. The Company produces, distributes and markets chicken, beef, pork, prepared foods and related allied products. Shares of TSN fell by 1.72% or $-0.715/share to $40.75. In the past year, the shares have traded as low as $24.48 and as high as $44.24. On average, 3482150 shares of TSN exchange hands on a given day and today's volume is recorded at 4587718.
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