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Stock Market & Financial Investment News

News Breaks
March 5, 2013
09:16 EDTCAG, CHSCPConAgra says expects JV transaction to become accretive to EPS over time
ConAgra says in an 8K filing that securing third-party financing in an aggregate amount of no less than $600M on terms that are commercially reasonable and that do not, among other things, require credit support to be provided by any Owner, is a condition to close. Immediately upon completion of the Financing, all of the net proceeds thereof will be distributed to the Owners. The distribution will be approximately proportional to the Owners’ ownership interests in Ardent Mills, except that each Owner’s distribution will be adjusted to reflect any deviations in the working capital contributions of such Owner from specified target amounts and ConAgra Foods will receive a distribution that is slightly higher proportionally than its percentage ownership. ConAgra Foods currently plans to allocate its initial cash distribution from the Joint Venture to pay down debt. It is anticipated that the transaction will close late in calendar year 2013. ConAgra Foods plans to finalize the expected financial impacts of the transaction between now and the closing. Due to both the anticipated timing of the closing and expected allocation of proceeds toward debt reduction, the transaction is expected to be modestly dilutive, less than 5c, to fiscal 2014 diluted EPS, excluding items impacting comparability. Even with this impact, ConAgra Foods expects to post a strong growth rate of diluted EPS, excluding items impacting comparability, in bothhalves of fiscal 2014, primarily reflecting the contribution of diluted EPS, excluding items impacting comparability, from the recent Ralcorp Holdings, Inc. acquisition; this transaction does not alter the company’s expectations for previously announced cost synergies related to the Ralcorp acquisition. ConAgra Foods also expects the Joint Venture transaction to become accretive to its diluted EPS over time, as expected cost synergies from the transaction are realized.
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September 11, 2014
07:34 EDTCAGConAgra September volatility elevated into Q1 and outlook
ConAgra September call option implied volatility is at 27, October and December is at 17; compared to its 26-week average of 18 according to Track Data, suggesting large near term price movement into the expected release of Q1 results before the market open on September 18.
September 9, 2014
15:53 EDTCAGConAgra wins reversal of $180M verdict related to explosion, Reuters reports
A circuit court of appeals court ruled that ConAgra Foods is not liable in an Illinois grain mill explosion and overturned much of the nearly $180M damages awarded by a jury, reported Reuters. Reference Link
September 5, 2014
14:42 EDTCHSCPCHS Inc. names David Black as Chief Information Officer
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10:40 EDTCHSCPCHS Inc. to build fertilizer plant at Spiritwood, ND
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September 4, 2014
12:03 EDTCHSCPCHS Inc. to invest $406M in Montana refinery
CHS Inc. announced it will invest $406M in its Laurel, Montana refinery to boost efficiency and increase diesel production. The investments consist of related projects, some of which will begin this fall, and are expected to be completed in phases through 2019.

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