Pilgrim’s Pride made a preliminary offer for Hain Celestial’s protein business

Pilgrim’s Pride made a preliminary offer for Hain Celestial’s protein business, according to a person familiar with the matter. The source claims Hain is in the process of selling Hain Pure Protein, its chicken and turkey division, to make its remaining snack food company more attractive to a buyer. Final bids are due in mid-July, and the sale is expected to amount to about $700 million, reported New York Post.

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