Money | mergers and acquisitions Tyson Wins Hillshire Farms Sweepstakes—for $7.7B Almost $1B more than rival Pilgrim's Pride offered By Kevin Spak Posted Jun 9, 2014 11:38 AM CDT Copied This file photo combo shows a package of frozen Tyson Chicken Nuggets, left, and a package of Hillshire Farm sausage, in Palo Alto, Calif. (AP Photo/Paul Sakuma, File) Tyson Foods has won the bidding war to buy Hillshire Brands, topping an offer from rival Pilgrim's Pride by almost a billion dollars, the Wall Street Journal reports. Tyson will pay $63 a share in cash for Hillshire, which makes Jimmy Dean sausages and Ball Park franks, among other food products. The deal values the company at $7.7 billion. Pilgrim's Pride had offered $55 a share. Tyson's CEO explained the big offer by saying that companies like Hillshire "don't become available too often." Read These Next CNN boss asks workers not to 'jump to conclusions' about deal. Bill Clinton: 'I Saw Nothing, and I Did Nothing Wrong' Back to the Future star is at the center of a shocking suit. Trump laid a 'trap' for Democrats, and GOP aims to pounce. Report an error