Pilgrim's Pride Corp, the second largest U.S. chicken processor, raised its offer for Hillshire Brands Co, escalating a bidding war with Tyson Foods Inc for the maker of Jimmy Dean sausages.Hillshire shares rose more than 9 percent to a life high of $58.50 on the New York Stock Exchange on Tuesday morning, after Pilgrim's Pride said it raised its offer to $55 per share from $45.Tyson Foods spokesman Worth Sparkman declined to comment. The company, the world's second largest meat processor after Brazil's JBS SA, had offered $50 per share.JBS owns about 75 percent of Pilgrim's Pride.
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 2.07% or $-0.9/share to $42.50. In the past year, the shares have traded as low as $24.51 and as high as $44.24. On average, 3613400 shares of TSN exchange hands on a given day and today's volume is recorded at 4054751.
Tuesday Morning Corporation is a closeout retailer of upscale decorative home accessories, housewares, and famous-maker gifts in the United States. Shares of TUES fell by 0.12% or $-0.02/share to $16.42. In the past year, the shares have traded as low as $8.67 and as high as $16.83. On average, 420266 shares of TUES exchange hands on a given day and today's volume is recorded at 181495.
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