An analyst told Bloomberg Austin, Minn.-based Hormel Foods Corp. could be interested in acquiring Hillshire Brands Co., formerly Sara Lee Corp. before spinning off its tea and coffee unit in June. Both Hillshire and Hormel declined to comment on any possible takeover deal.
The Business Journal reports Hormel was also mentioned as a possible buyer for Hillshire in June.
Hormel will release its fiscal fourth-quarter earnings report on Tuesday, Wall Street Journal reports. Net income rose 2.9 percent in the first nine months of its fiscal year.