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Stock Market & Financial Investment News

News Breaks
June 19, 2014
14:26 EDTPF, HSHPinnacle Foods announces early termination of HSR waiting period
On June 17, the U.S. Federal Trade Commission granted early termination of the 30-day waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, with respect to the previously announced proposed acquisition by The Hillshire Brands Company (HSH), of Pinnacle Foods (PF), pursuant to an Agreement and Plan of Merger, dated as of May 12, by and among Pinnacle Foods, Hillshire Brands, Helix Merger Sub Corporation, a Delaware corporation and a wholly owned subsidiary of Hillshire Brands, and Helix Merger Sub LLC, a Delaware limited liability company and a wholly owned subsidiary of Hillshire Brands. The grant of early termination is effective as of June 17 and has the effect of ending the HSR Act waiting period under the Merger Agreement. The proposed acquisition remains subject to other customary closing conditions and there can be no assurance that the proposed transaction will be consummated.
News For PF;HSH From The Last 14 Days
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November 18, 2014
08:52 EDTPFPinnacle Foods 20M share Spot Secondary priced at $32.50
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November 17, 2014
18:32 EDTPFOn The Fly: After Hours Movers
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17:23 EDTPFPinnacle Foods announces offering of 20M shares of common stock for holders
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10:02 EDTPFOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: CyrusOne (CONE) upgraded to Buy from Hold at Stifel... MGIC Investment (MTG) upgraded to Conviction Buy from Buy at Goldman... NuVasive (NUVA) upgraded to Outperform from Market Perform at Wells Fargo... Phillips 66 (PSX) upgraded to Outperform from Neutral at Credit Suisse... Pinnacle Foods (PF) upgraded to Buy from Hold at Deutsche Bank... Rayonier (RYN) upgraded to Outperform from Sector Perform at RBC Capital.. Thoratec (THOR) upgraded to Outperform from Market Perform at Wells Fargo... Volcano (VOLC) upgraded to Outperform from Neutral at Credit Suisse... Progressive Waste (BIN) upgraded to Neutral from Underperform at Macquarie... Clean Harbors (CLH) upgraded to Outperform from Neutral at Wedbush... McGraw Hill Financial (MHFI) upgraded to Buy from Hold at Benchmark Co... Chesapeake (CHK) upgraded to Outperform from Market Perform at Bernstein... American Science & Engineering (ASEI) upgraded to Fair Value from Sell at CRT Capital... Sony (SNE) upgraded to Overweight from Equal Weight at Morgan Stanley.
06:38 EDTPFPinnacle Foods upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank upgraded Pinnacle Foods to Buy citing market share gains and an improved balance sheet . The firm raised its price target for shares to $37 from $34.
November 14, 2014
08:32 EDTPFPinnacle Foods to acquire Garden Proten International for C$175M
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November 12, 2014
10:00 EDTPFPinnacle Foods sees double digit adjusted EPS growth for the year
Sees FY interest expense at slightly about $96M. Sees FY CapEx $120M-$130M. Says "feels good" about productivity. Comments made on the Q3 earnings conference call.
08:18 EDTPFPinnacle Foods narrows FY14 adjusted EPS to $1.71-$1.74 from $1.70-$1.75
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08:18 EDTPFPinnacle Foods reports Q3 Birds Eye Frozen net sales $257.4M
Reports Q3 Duncan Hines Grocery sales $271.2M; Reports Q3 Specialty Foods sales $95.4M.
08:17 EDTPFPinnacle Foods reports Q3 EPS excl items 41c, consensus 41c
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November 11, 2014
15:25 EDTPFNotable companies reporting before tomorrow's open
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