US – Tyson Foods has extended the offering period of its previously announced tender offer to buy all of the outstanding shares of common stock of Hillshire Brands.
The offer is to buy the shares for $63.00 per share in cash as set out in the Offer to Purchase on 16 July following the agreement and merger plan established on 1 July.
The offer, which was previously scheduled to expire at the end of Tuesday 19 August has been extended until midnight on Tuesday 26 August 26.
All terms and conditions of the offer remain unchanged during the extended period.
The offer has been extended to allow additional time for the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act.
Tyson and Hillshire Brands each received a request for additional information from the Antitrust Division of the Department of Justice on 12 August.
Tyson and Hillshire Brands said they are continuing to work to resolve the matter with the Antitrust Division and expect that the deal will be completed by or before 27 September.
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