Tyson Foods (TSN) announced Thursday morning that it offered to acquire Hillshire Brands (HSH) for $50 per share in cash. The offer price is more than the $45 per share that Pilgrim's Pride offered for Hillshire.
Hillshire Brands gapped open dramatically higher Thursday and rose further around mid-morning. Shares finished with a gain of 7.95 at $52.76 on strong volume. The stock soared to a new high for the year.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.