The Pilgrim's Pride takeover bid for Jimmy Dean owner Hillshire Farms is only the latest deal in the food biz. Hillshire wants to buy Pinnacle Foods. And Unilever just agreed to sell Ragu.
Many big company food manufacturers are buying and selling their rivals. Pilgrim's Pride wants to buy Hillshire Brands, but the complications begin when Hillshire already has plans to buy rival Pinnacle Foods. So what happens to Pinnacle Foods?