The Hillshire Brands Company (HSH) today issued the following statement in response to the unsolicited proposal by Tyson Foods, Inc. (NYSE:TSN) to acquire Hillshire Brands for $50.00 per share in cash.
"Consistent with its fiduciary duties, and in consultation with its independent financial and legal advisors, Hillshire Brands' Board will thoroughly review the Tyson Foods proposal."
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.
