Tyson and Hillshire Brands Announce Extension of Tender Offer for Shares of Hillshire Brands

Tyson and Hillshire Brands Announce Extension of Tender Offer for Shares of
Hillshire Brands

SPRINGDALE, Ark. and CHICAGO, Aug. 12, 2014 (GLOBE NEWSWIRE) -- Tyson Foods,
Inc. (NYSE:TSN) ("Tyson") and The Hillshire Brands Company (NYSE:HSH)
("Hillshire Brands") today announced that, on August 12, 2014, each received a
request for additional information, often referred to as a "second request,"
from the Antitrust Division of the Department of Justice (the "Antitrust
Division") in connection with Tyson's proposed acquisition of Hillshire
Brands. Each second request was issued pursuant to the Hart-Scott-Rodino
Antitrust Improvements Act of 1976, as amended ("HSR Act"). The second
requests relate only to a very small portion of the combined Tyson/Hillshire
Brands business, and the parties are working expeditiously to resolve this
matter with the Antitrust Division.

Hillshire Brands

As a result of the second requests, pursuant to the Agreement and Plan of
Merger, dated July 1, 2014, by and among Tyson, HMB Holdings, Inc. and
Hillshire Brands (the "Merger Agreement"), Tyson has extended the offering
period of its previously announced tender offer to purchase all of the
outstanding shares of common stock of Hillshire Brands for $63.00 per share in
cash, without interest, subject to any withholding of taxes required by
applicable law and upon the terms and subject to the conditions set forth in
the Offer to Purchase dated July 16, 2014 (the "Offer"). The Offer, which was
previously scheduled to expire at 12:00 midnight, New York City time, at the
end of Tuesday, August 12, 2014, has been extended until 12:00 midnight, New
York City time, on Tuesday, August 19, 2014, unless it is extended further
under the circumstances set forth in the Merger Agreement. All terms and
conditions of the Offer shall remain unchanged during the extended period.
Tyson and Hillshire Brands continue to expect that the transaction, which
remains subject to customary closing conditions, will be completed by or
before September 27, 2014.

Computershare Trust Company, N.A., the depositary for the Offer, has advised
Tyson and Hillshire Brands that, as of 5:00 p.m., New York City time, on
August 12, 2014, approximately 91,226,301 shares of common stock of Hillshire
Brands (not including 4,650,081 shares tendered by notice of guaranteed
delivery for which shares have not yet been delivered) had been validly
tendered and not validly withdrawn pursuant to the Offer, representing
approximately 73% of Hillshire Brands' outstanding shares. Shareholders who
have already tendered their shares of common stock of Hillshire Brands do not
have to re-tender their shares or take any other action as a result of the
extension of the new expiration date of the Offer.

About Tyson Foods

Tyson Foods, Inc., with headquarters in Springdale, Arkansas, is one of the
world's largest processors and marketers of chicken, beef and pork, the
second-largest food production company in the Fortune 500 and a member of the
S&P 500.The company was founded in 1935 by John W. Tyson, whose family has
continued to be involved with son Don Tyson leading the company for many years
and grandson, John H. Tyson, serving as the current chairman of the board of
directors. Tyson Foods, Inc. produces a wide variety of protein-based and
prepared food products and is the recognized market leader in the retail and
foodservice markets it serves.The company provides products and services to
customers throughout the United States and approximately 130 countries.It has
approximately 115,000 Team Members employed at more than 400 facilities and
offices in the United States and around the world.Through its Core Values,
Code of Conduct and Team Member Bill of Rights, the company strives to operate
with integrity and trust and is committed to creating value for its
shareholders, customers and Team Members.The company also strives to be
faith-friendly, provide a safe work environment and serve as stewards of the
animals, land and environment entrusted to it.

About Hillshire Brands

The Hillshire Brands Company (NYSE:HSH) is a leader in branded, convenient
foods. The company generated approximately $4 billion in annual sales in
fiscal 2013, has more than 9,000 employees, and is based in Chicago. Hillshire
Brands' portfolio includes iconic brands such as Jimmy Dean, Ball Park,
Hillshire Farm, State Fair, Van's, Sara Lee frozen bakery and Chef Pierre pies
as well as artisanal brands Aidells, Gallo Salame and Golden Island premium
jerky. For more information on the company, please visit

Forward-Looking Statements

This press release contains certain forward-looking statements with respect to
certain plans and objectives of Tyson and Hillshire Brands with respect to the
proposed acquisition of Hillshire Brands by Tyson, the Offer and the related
merger, including the timing of the completion of the Offer and the merger,
under the Merger Agreement. These forward-looking statements can be identified
by the fact that they do not relate only to historical or current facts. By
their nature, forward-looking statements involve known and unknown risks and
uncertainties because they relate to events and depend on circumstances that
will occur in the future. There are several factors which could cause actual
plans to differ materially from those expressed or implied in forward-looking
statements. Such factors include, but are not limited to, the risk that the
acquisition of Hillshire Brands and the Offer and the merger may not be
consummated in a timely manner as a result of pending regulatory approval
under the HSR Act. Neither Tyson nor Hillshire Brands assumes any obligation
to update the information contained in this press release (whether as a result
of new information, future events or otherwise), except as required by
applicable law.

Important Information for Investors and Security Holders

This press release is not an offer to buy or the solicitation of an offer to
sell any securities of Hillshire Brands. A solicitation and an offer to buy
shares of Hillshire Brands common stock is being made pursuant to a Tender
Offer Statement (including an offer to purchase, a related letter of
transmittal and other offer documents) that HMB Holdings, Inc., a wholly owned
subsidiary of Tyson, has filed with the SEC. Hillshire Brands has also filed a
Solicitation/Recommendation Statement on Schedule 14D-9 with respect to the
tender offer. Investors and stockholders are urged to read the Tender Offer
Statement (including an offer to purchase, a related letter of transmittal and
other offer documents) and the Solicitation/Recommendation Statement on
Schedule 14D-9, as well as other documents filed with the SEC, because they
contain important information. The Tender Offer Statement and
Solicitation/Recommendation Statement on Schedule 14D-9 have been sent free of
charge to Hillshire Brands stockholders and these and other materials filed
with the SEC may also be obtained from Hillshire Brands upon written request
to the Investor Relations Department, 400 South Jefferson Street, Chicago,
Illinois 60607, telephone number (312) 614-8100 or from Hillshire Brands'
website, http://investors.hillshirebrands.com. In addition, all of these
materials (and all other documents filed with the SEC) will be available at no
charge from the SEC through its website at www.sec.gov, or by directing
requests for such materials to MacKenzie Partners, Inc., the Information Agent
for the offer, at (800) 322-2885 (please call (212) 929-5500 (collect) if you
are located outside the U.S.).

         Investors: Jon Kathol
         News Media: Gary Mickelson
         Investors: Melissa Napier
         News Media: Mike Cummins

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