1. Tuesday, Pilgrim’s Pride Corporation (Nasdaq: PPC) announced that it has made a proposal to acquire The Hillshire Brands Company (NYSE: HSH) for $45.00 per share in cash, in a transaction valued at $6.4 billion. However, on Wednesday, Tyson Foods, Inc. (NYSE: TSN) announced it is making a $50 per share bid for The Hillshire Brands Company (NYSE: HSH). Needless to say, Hillshire ended the week higher.
2. Valeant Pharmaceuticals International, Inc. (NYSE: VRX) raised its bid for Allergan (NYSE: AGN) by $10 per share in cash. The new deal is: (1)