Brazil JBS shares rally as Tyson Foods wins Hillshire Brands

lunes 9 de junio de 2014 09:24 GYT

RIO DE JANEIRO, June 9 (Reuters) - Shares of Brazilian meatpacker JBS SA jumped on Monday as Tyson Foods Inc beat Pilgrim's Pride Corp, majority owned by JBS, in a bidding war for sausage maker Hillshire Brands Co .

JBS shares last traded at 7.69 reais, 3.36 percent higher. They jumped over 5 percent during the first minutes of trading. (Reporting by Walter Brandimarte; Editing by Jeffrey Benkoe)