Tyson foods acquires shares of the manufacturer of meat products Hillshare. According to sources, the transaction value will be about $ 7.7 billion, or $ 63 per share. It is worth noting that the company Hillshare has about 30% of the market of frozen sausages. This operation will help the Tyson foods company to increase marginality of their production and increase its share on the market of meat products.
The Brazilian company has pretended JBS to purchase the company, but the biggest deal in the history will be held with Tyson foods. We are positive about the prospects of Tyson foods and recommend holding the stock in the long term portfolio.