Pilgrim's Pride Corp, the second largest U.S. chicken processor, has lined up a number of banks to help finance its offer for Hillshire Brands Co as it escalates its bidding war with Jimmy Dean sausage maker Tyson Foods Inc, according to people familiar with the matter.Pilgrim's Pride, which is majority owned by Brazilian meat processing company JBS S.A., has lined up banks including Barclays PLC, Bank of Montreal, Rabobank and Wells Fargo & Co to finance a potential bid, the people said.Pilgrim's Pride and the banks declined to comment. The people who spoke about the potential financing declined to be named because the matter is private.Pilgrim's Pride earlier this week said it had raised its offer for Hillshire to $55 per share, which valued the company at $7.7 billion including debt.
Barclays PLC (Barclays) is a global financial services provider engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. Shares of BCS fell by 0.4% or $-0.065/share to $16.16. In the past year, the shares have traded as low as $15.32 and as high as $19.59. On average, 2803590 shares of BCS exchange hands on a given day and today's volume is recorded at 1873857.
Bank of Montreal (BMO Financial Group) is a diversified financial services provider that provides a range of retail banking, wealth management and investment banking products and services. Shares of BMO fell by 0.37% or $-0.26/share to $70.09. In the past year, the shares have traded as low as $55.61 and as high as $71.33. On average, 308305 shares of BMO exchange hands on a given day and today's volume is recorded at 191088.
Shares of BMO fell by 0.56% or $-0.43/share to $76.57. In the past year, the shares have traded as low as $58.68 and as high as $77.45. On average, 1036360 shares of BMO.TO exchange hands on a given day and today's volume is recorded at 532890.
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 0.94% or $-0.39/share to $41.04. In the past year, the shares have traded as low as $24.51 and as high as $44.24. On average, 3679570 shares of TSN exchange hands on a given day and today's volume is recorded at 3614080.
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