Deals of the day- Mergers and acquisitions

Tue Jun 3, 2014 10:00am EDT
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(Adds KKR & Co, Pilgrim's Pride, Porr, B2Gold, Acadia Healthcare)

June 3 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Tuesday:

** Pilgrim's Pride Corp, the second largest U.S. chicken processor, raised its offer for Hillshire Brands Co , escalating a bidding war with Tyson Foods Inc for the maker of Jimmy Dean sausages. Pilgrim's Pride said its offer valued Hillshire at $7.7 billion, including debt. Tyson Foods' offer values Hillshire at $6.8 billion, including $500 million in debt.

** Minority shareholders of Hong Kong-listed CITIC Pacific Ltd have approved a landmark deal to acquire $36 billion of assets from its state-owned parent, CITIC Group Corp, China's biggest and oldest financial conglomerate. The go-ahead clears the way for the purchase of practically all of the conglomerate's assets.

** Private equity firm KKR & Co LP KKR.N said it would buy Internet Brands Inc, which operates CarsDirect and other websites, from private equity firms Hellman & Friedman and JMI Equity. A source familiar with the matter said the deal was worth about $1.1 billion.