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Stock Market & Financial Investment News

News Breaks
January 3, 2013
07:31 EDTUN, HRL, ULHormel 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.
News For HRL;UN;UL From The Last 14 Days
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July 27, 2015
07:58 EDTHRLHormel Foods reinstated with a Neutral at Credit Suisse
Target $61.
July 24, 2015
10:00 EDTUL, UNOn The Fly: Analyst Upgrade Summary
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07:57 EDTUL, UNUnilever upgraded to Buy from Hold at Canaccord
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July 23, 2015
05:27 EDTUL, UNUnilever reports 1H15 core EPS up 16% to EUR 0.91
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July 20, 2015
07:39 EDTUL, UNUnilever Q2 results should beat expectations, says Bernstein
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05:17 EDTUL, UNAlibaba, Unilever sign strategic partnership agreement
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