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4 Kraft Divisions Ripe For Spinoff (And Some Possible Suitors)
Friday, August 29, 2014 - 1:46pm | 986Read More...BMO Capital analyst Kenneth Zaslow published a note last week suggesting Kraft (NYSE: KRFT) should consider spinning off some segments in order to unlock value. Among Zaslow's reasons, the number of "natural buyers" standing ready to acquire specific segments of Kraft’s food...
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Tyson To Acquire Hillshire For $7.8 Billion
Monday, June 9, 2014 - 11:28am | 699Read More...The Chicago Tribune reported Monday that the largest U.S. meat company, Tyson Foods (NYSE: TSN), agreed to buy Hillshire Brands (NYSE: HSH) for $63 per share in a deal worth $7.8 billion, excluding debt. With the acquisition, Tyson, which outbid Pilgrim’s Pride (NASDAQ: PPC), will...
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#PreMarket Primer: Tuesday, June 3: Bidding On Hillshire Ramps Up
Tuesday, June 3, 2014 - 7:08am | 1071Read More...The bidding war over Chicago-based meats and desserts company Hillshire Brands Co. heated up after Pilgrim’s Pride Corp increased its acquisition offer by $1 billion. The new offer values Hillshire at $55 per share, a step up from Tyson Foods $50 a share offer on Thursday. If Hillshire...
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BB&T Capital Comments On Chicken Industry Concerns (TSN, SFD)
Monday, March 28, 2011 - 9:38am | 277Read More...Estimated industry losses have moderated some recently, due to an improvement in breast meat pricing, BB&T Capital reports. “We do not believe that demand has ticked up materially, but rather, that lower slaughter and weight reductions have started to positively impact the market,” BB&T...
