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Stock Market & Financial Investment News

News Breaks
May 29, 2014
08:56 EDTHSH, TSN, PPCTyson bid for Hillshire not result of Pilgrim's Pride offer, CNBC's Faber says
Tyson's (TSN) $50 per share bid for Hillshire Brands (HSH) was "in the works for weeks" and is not the result of an offer for Hillshire from Pilgrim's Pride (PPC), said CNBC's David Faber on Twitter. Faber added that Tyson has full financing for its Hillshire proposal. Reference Link
News For HSH;TSN;PPC From The Last 14 Days
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September 11, 2014
12:05 EDTPPC, TSNUSDA lowers forecasts for 2014, 2015 meat production
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September 10, 2014
09:05 EDTTSNTyson Foods reinstated with a Buy at Goldman
Target $46.
September 4, 2014
09:26 EDTTSNTyson Foods backs FY14 EPS ex-items view of at least $2.78 per share
Consensus $2.81. Tyson CFO Dennis Leatherby stated at the Barclays Back-to-School Consumer Conference that he expects the addition of Hillshire to be accretive to earnings in fiscal 2015 and substantially accretive thereafter, adding that he expects at least 10% EPS growth in FY15.
09:24 EDTTSNTyson Foods CEO says moving forward quickly with Hillshire integration
Tyson President and CEO Donnie Smith told investors at the annual Barclays Back-to-School Consumer Conference that the process for combining the company with Hillshire is well underway, stating, "We're moving forward quickly with the integration and finding synergies, and we feel good about our ability to capture $225M in synergies in the first year and $500M by year three." Smith added, "The more we get into it, the better we feel," according to presentation recap provided by the company.

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