Wednesday, August 13, 2014

Tyson-Hillshire deal hits snag

Tyson Foods Inc.’s offer to buy Hillshire Brands Co. has hit a snag – a request from the anti-trust regulators in the U.S. Justice Department for more information.

As a result, Tyson has extended its offer of $63 per share to Aug. 19.

The companies say the anti-trust concerns relate to a minor part of the deal.

They still intend to close the $7.7-billion deal by Sept. 27.

Makes one wonder just how big companies need to get.