Hillshire Acquisition Projections - Readers Respond
The results are in! Benzinga readers have high expectations for Hillshire (NYSE: HSH).
Pilgrim’s (NASDAQ: PPC) raised the bid for Hillshire to $55 after Pilgrim’s was outbid by Tyson Foods (NYSE: TSN) last week. The final layer of complexity is that Hillshire had committed to buying Pinnacle Foods (NYSE: PF) for $6.6 billion before receiving a series of unsolicited offers.
With new data, expectations have changed.
If you still haven't voted, it's not too late.
A shocking 100 percent of voters think that Hillshire will be acquired. Previous to the offer, approximately 60 percent of readers expected Hillshire to be acquired.
Most still think Tyson will be the final acquirer, however this figure is down from last week. Currently 58 percent of Benzinga readers see Tyson buying Hillshire versus 71 percent last week.
Lastly, the acquisition price. The new consensus price is now $61.85, a $4 increase from before the bid for Hillshire was raised by $5.
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