Hints and tips:
...Moreover, Russia’s invasion of the country was causing global food shortages and sending prices for grains soaring....
...Both Tyson and Pilgrim’s are seeking to block Hillshire, the company behind Jimmy Dean sausages and Ball Park hot dogs, from going ahead with its planned $6.6bn acquisition of Pinnacle Foods, announced two...
...transaction would create a company with more than $12bn in annual revenues, and combine Colorado-based Pilgrim’s fresh and frozen chicken business with Hillshire’s focus on beef and pork, including Jimmy Dean...
...Hillshire, whose brands include Jimmy Dean breakfast sausages, has an enterprise value of $5bn....
...Hillshire’s offer provides an exit for Blackstone, the private equity group that owns 51 per cent of Pinnacle following the food producer’s initial public offering in March 2013....
...But many were puzzled by the US food group’s announcement that it would pay $6.6bn to acquire New Jersey-based rival Pinnacle Foods, maker of Vlasic pickles and Birds Eye frozen food....
...The four houses make up the so-called ABCD group that dominates global flows of food commodities....
...Next year USDA expects ethanol groups will use another 100m bushels....
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