The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the board of directors of The Hillshire Brands Company (“Hillshire” or the “Company”) (NYSE: HSH) relating to the proposed buyout of the Company by Tyson Foods, Inc. (“Tyson”).
On July 2, 2014, Tyson and Hillshire announced that they had entered into a definitive agreement pursuant to which Tyson will acquire Hillshire in an all-cash transaction valued at approximately $8.55 billion. Under the terms of the transaction, shareholders of Hillshire are anticipated to receive $63.00 for each share of Hillshire stock they own.
The firm’s investigation seeks to determine, among other things, whether the Company’s board of directors breached their fiduciary duties by failing to maximize shareholder value before agreeing to enter into this transaction, and whether Tyson is underpaying for Hillshire shares.
If you currently own common stock of Hillshire and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, please visit our website at
. You may also request more information by contacting Brower Piven either by email at
or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.