NEW YORK (TheStreet) -- On CNBC's "Cramer's Mad Dash" segment, co-host David Faber said there is "a lot of complexity" in the food industry, especially with the recent M&A mania.
Tyson Foods (TSN) is offering to purchase Hillshire Brands (HSH) for $50 per share, topping the previous $45 offer from Pilgrim's Pride (PPC). A takeover of Hillshire Brands would likely result in the company breaking off its deal to buy Pinnacle Foods (PF).
TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, pointed out that Bernstein downgraded shares of Hillshire Brands, but suggested that an even higher takeover bid could come in the future.
-- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell >>Read More: Investment Rx: Buy Value ETFs in the U.S. and Growth ETFs Overseas >>Read More: Could Nissan's Electric Minivan Crush Tesla's Model X? >>Read More: If You Have Euro-Backed Assets You'd Better Sell Them Right Now >>Read More: Zynga Is a Chinese Takeover Candidate at Content Hungry Web Sites
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