Hillshire, Tyson still working out details with regulators

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Hillshire Brands Inc. and Tyson Foods Inc. are still trying to iron out details of their $8.5 billion deal with U.S. antitrust regulators.

The companies on Tuesday extended the tender offer for Hillshire shares by a day because of the ongoing review by the Justice Department’s Antitrust Division. Hillshire and Tyson were asked Aug. 12 for additional information about the proposed combination.

Tyson, based in Springdale, Ark., announced plans July 2 to buy Chicago-based Hillshire, the maker of Jimmy Dean sausages, Ball Park hot dogs and Hillshire Farm lunch meat.

The requests “relate only to a very small portion of the combined Tyson/Hillshire Brands business, and the parties are working expeditiously to resolve this matter,” Hillshire Brands said in its quarterly financial release Aug. 13.

The companies said Tuesday they still intend to complete the deal by Sept. 27.

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