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Pilgrim's Pride In Bid For Hillshire

Poultry producer Pilgrim's Pride Corp. has made an unsolicited bid to buy Chicago-based packaged food company Hillshire Brands Co. in a deal valued at nearly $5.7 billion plus debt. Hillshire said it will review the proposal and still plans to stick with its intention, announced two weeks back, to buy Birds Eye and Vlasic maker Pinnacle Foods. 

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