On Tuesday's MarketFoolery, Mark Reeth, Motley Fool One analyst Jason Moser, and Million Dollar Portfolio analyst Michael Olsen look at why Pilgrim's Pride (NASDAQ:PPC) upped its bid to acquire Hillshire Brands (NYSE:HSH) to about $6.7 billion. Michael says the move is insane, yet understandable; he then rolls through the logic behind the bid, including increased shelf space and acquiring branded goods outside of the cutthroat chicken industry. Jason compares the bid to the housing market and desperate buyers, and says Hillshire investors should be pretty happy about Pilgrim's Pride's bid.
Jason Moser has no position in any stocks mentioned. Mark Reeth has no position in any stocks mentioned. Michael Olsen, CFA has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
