Tyson makes offer for Hillshire Brands

Tyson Foods Inc. (NYSE: TSN) offered $6.2 billion for The Hillshire Brands Co. (NYSE: HSH), which topped the $5.58 billion bid by Pilgrim's Pride Corp. (Nasdaq: PPC). Hillshire stock leaped $7.96 to $52.75 while shares of Tyson Foods soared $2.65 to $43.40. The stock price of Pilgrim's Pride slipped 40 cents to $24.98.