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News Breaks | | | | January 3, 2013 | | 07:31 EDT |  | HRL, UL, UN | Hormel Foods to acquire Skippy peanut butter business from Unilever for $700M
Hormel Foods (HRL) has entered into a definitive agreement to acquire the Skippy peanut butter business from Unilever United States (UN, UL) of Englewood Cliffs, N.J. The transaction is subject to customary closing conditions, including the receipt of regulatory approvals in the United States and other jurisdictions. Total annual sales are expected to be approximately $370M, with nearly $100M of those sales outside the United States. The purchase price is approximately $700M. Hormel Foods expects this acquisition to be modestly accretive in FY13. Full year accretion in FY14 is expected to be between 13c-17c per share. | |
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News For HRL;UN;UL From The Last 14 Days Check below for free stories on HRL;UN;UL the last two weeks. |
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| May 23, 2013 | | 06:33 EDT |  | HRL | Hormel Foods backs 2013 EPS view $1.93-$2.03, consensus $2.00
| | | 06:32 EDT | | HRL | Hormel Foods reports Q2 EPS 46c, consensus 49c
 Subscribe for More Information | | | May 22, 2013 | | 15:25 EDT | | HRL | Notable companies reporting before tomorrow's open
Subscribe for More Information | | | 14:10 EDT |  | HRL | Hormel volatility flat into Q2 and outlook
Hormel June call option implied volatility is at 19, July is at 21, September is at 20; compared to its 26-week average of 20 according to Track Data, suggesting non-directional price movement into the expected release of Q2 results on May 23. | | | May 15, 2013 | | 10:13 EDT |  | UN | On The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Aeropostale (ARO) upgraded to Outperform from Market Perform at BMO Capital... Gap (GPS) upgraded to Buy from Neutral at Citigroup... PS Business Parks (PSB) upgraded to Market Perform from Underperform at BMO Capital... Redwood Trust (RWT) upgraded to Outperform from Market Perform at FBR Capital... Regal-Beloit (RBC) upgraded to Outperform from Neutral at Credit Suisse... Unilever (UN) upgraded to Buy from Reduce at Nomura... Prudential (PRU) upgraded to Buy from Hold at Argus... Inergy, L.P. (NRGY) upgraded to Overweight from Neutral at JPMorgan... Noble Energy (NBL) upgraded to Buy from Hold at Stifel... Halcon Resources (HK) upgraded to Buy from Hold at Stifel. | | | 05:33 EDT | | UL, UN | Unilever upgraded to Buy from Reduce at Nomura
Subscribe for More Information | | | May 10, 2013 | | 12:11 EDT |  | HRL | U.S. red meat, poultry production seen higher than year ago
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