Who Are the Winners and Losers in the Tyson-Hillshire Deal?
The deal is a big win for Hillshire, the maker of Jimmy Dean sausages. Tyson is paying $63 per share for Hillshire, a 70% premium over Hillshire’s $37 share price before the bidding began.Comments:
- Of interest to us because we have 100 of Hillshire
- I bought Hillshare last July and August for an average price of $ 35.11. At the time I viewed it as fair priced but did not expect it to soar. So $ 63 minus $ 35.11 is a gain of almost $ 2800.
- I don't intend to sell but will wait for it to close and take the Tyson shares.
- With Tyson trading at $ 37.62 (today) our 100 HSH shares would be about 167 TSN shares.