New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 30, 2014
18:20 EDTHRLHormel Foods to acquire maker of Muscle Milk sports nutrition products for $450M
Hormel Foods announced that it has entered into a definitive agreement to acquire CytoSport Holdings, maker of Muscle Milk products. Total 2014 annual sales are expected to be approximately $370M. The purchase price is approximately $450M. Hormel Foods expects this acquisition to provide about 5c per share accretion in FY15, with a neutral impact to FY14 earnings, including transaction costs.
News For HRL From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
March 25, 2015
11:58 EDTHRLStephens food/agribusiness analyst holds analyst/industry conference call
Subscribe for More Information
08:57 EDTHRLJBS S.A. weighing IPO for U.S. unit, Bloomberg reports
The world’s biggest meat producer, JBS S.A. (JBSAY), is mulling plans for an initial public offering of its U.S. unit, according to Bloomberg, citing two people with direct knowledge of the matter. Other publicly traded companies in the meat production space include Hormel Foods (HRL), Pilgrim's Pride (PPC), Sanderson Farms (SAFM) and Tyson Foods (TSN). Reference Link

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use