By their nature, forward-looking statements involve known and unknown risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. It presented JBS with the perfect opportunity, Batista told FORBES in an interview published in the magazine in 2011. Neither Tyson Foods nor Hillshire Brands assumes any obligation to update the information contained in this communication (whether as a result of new information, future events or otherwise), except as required by applicable law. [3], In May 2013 the split was recognized among the six most successful Fortune 500 companies’ spinoffs by Fortune magazine. The Hillshire Brands Company was an American food company based in Chicago, Illinois. Trademarks and registered trademarks. Choose from contactless Same Day Delivery, Drive Up and more. "By investing in Hillshire Brands and its collection of leading brands, we have a unique opportunity to transform an important segment of our business, and position Tyson Foods to meet American consumers' growing demand for protein at breakfast and throughout the day," said Donnie Smith, president and chief executive officer of Tyson Foods. Following successful completion of the tender offer, any shares not acquired in the tender offer will be acquired in a second-step merger at the same $63 per share cash price. All Rights Reserved, This is a BETA experience. Sean Connolly, president and chief executive officer of Hillshire Brands, said, "After thoughtful consideration, our board of directors concluded that a combination with Tyson Foods represents a unique opportunity to provide shareholders with significant and immediate value while also positioning our business for continued success. It began trading on the NYSE that same day under the ticker HSH. In 1968 Sobrinho bought a small slaughterhouse, boosting the number of cattle slaughtered to 100 a day. Regardless of those obstacles, JBS Friboi was one of three Brazilian meat packers that dominated the world of beef thanks to an abundance of land and miles and miles of grass. Batista sets his company's target on Hillshire Brands in latest bid. His company has his father's initials. He slaughtered one or two cattle a day, boned the meat and sold it to the local butcher. A solicitation and an offer to buy shares of Hillshire Brands common stock will be made only pursuant to an offer to purchase and related materials that HMB Holdings, Inc., a wholly owned subsidiary of Tyson Foods, Inc., intends to file with the U.S. Securities and Exchange Commission (the "SEC"). and CHICAGO, July 2, 2014 (GLOBE NEWSWIRE) -- Tyson Foods, Inc. (NYSE:TSN) and The Hillshire Brands Company (NYSE:HSH) today announced that they have entered into a definitive agreement under which Tyson Foods will acquire all outstanding shares of Hillshire Brands for $63 per share. JBS CEO Wesley Batista. Since 2011, I focus on business and investing in the big. Among the factors that may cause actual results and experiences to differ from anticipated results and expectations in forward-looking statements are the following: the risk that the acquisition of Hillshire Brands and any related tender offer and merger may not be consummated, or may not be consummated in a timely manner; the risk that a regulatory approval could only be obtained subject to conditions that are not anticipated; the risk that Hillshire will not be integrated successfully into Tyson following the consummation of the merger; and the risk that revenue opportunities, cost savings, synergies and other anticipated benefits from the merger may not be fully realized or may take longer to realize than expected. For Batista, Swift’s problem was clearly a question of poor management. Occasional BBC guest. Hillshire Brands looks set to become the next American food icon owned by Brazilians. The company generated approximately $4 billion in annual sales in fiscal 2013, has more than 9,000 employees, and is based in Chicago. Hillshire Farm's primary products are smoked sausage and Polska kielbasa. The Hillshire Farms deal, if approved, will make Batista's JBS the Goliath of meat. US-based Hillshire Farm, a brand owned by Hillshire Brands, has introduced three new Angus beef smoked sausage products to its portfolio. Batista sets his company's target on Hillshire Brands in latest bid. They knew that in order to keep that leadership, they had to tackle tough issues in Brazil, from animal health to cattle sourcing in the Amazon, blamed for deforestation. Friedrich (Fritz) Bernegger, (February 2, 1904 – April 30, 1988) born in Austria, started the business at … The Hillshire Brands Company (NYSE:HSH) is a leader in branded, convenient foods. [2], Under the terms of the deal, Sara Lee's stock underwent a one-for-five reverse split. It already dominates the animal protein processing business in the U.S., which means chicken, pork and beef. On 9 June 2014 Hillshire announced it had received a revised bid from Tysons valuing the company at $8.55 billion. Centerview Partners and Goldman, Sachs & Co. are acting as financial advisors to Hillshire Brands, and Skadden, Arps, Slate, Meagher & Flom LLP is acting as its legal advisor. Hillshire Farm is a brand of meat products marketed and owned by Hillshire Brands. That's Batista, the center-west Brazilian cowpoke turned CEO. Springdale, AR 72762, ir@tyson.com