In the battle for Jimmy Dean sausages, it appears that Tyson Foods has won.
Hillshire Brands, the company that manufactures not only Jimmy Dean but also Ball Park hot dogs, is expected to declare Tyson the victor of a bidding war for itself, people briefed on the matter said on Sunday.
Read MoreHillshire Brands battle heats up
Tyson is expected to pay $63 a share in cash, these people said. That would value Hillshire at $7.7 billion, 71 percent higher than its market capitalization before bidders emerged for the company.
The decision will conclude a nearly two-week contest between Tyson and Pilgrim's Pride, in one of the most-watched deal contests of the year. It also spells the demise of Hillshire's own deal to buy Pinnacle Foods, the maker of Vlasic pickles and Birds Eye frozen vegetables, a proposed transaction that drew opposition from shareholders and analysts.