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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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July 24, 2014
10:37 EDTHSHOptions with increasing implied volatility: TLM IP HSH
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July 16, 2014
17:23 EDTHSHTyson Foods commences tender offer for Hillshire Brands for $63 per share cash
Tyson Foods (TSN) announced that it has commenced a cash tender offer for all outstanding shares of common stock of Hillshire Brands (HSH) at a price of $63.00 per share. The tender offer is being made pursuant to the previously announced merger agreement dated July 1, among the two companies and HMB Holdings, a wholly owned subsidiary of Tyson Foods. The tender offer period will expire at 12:00 midnight at the end of the day on August 12, unless the offer is extended. Tyson Foods has filed a tender offer statement on Schedule TO with the United States SEC. HMB Holdings is the acquirer in the tender offer. The Offer to Purchase contained within the Schedule TO sets out the terms and conditions of the tender offer. Hillshire Brands has also filed a Solicitation/Recommendation Statement with the SEC, which includes the recommendation of the Hillshire board of directors that Hillshire Brands stockholders tender their shares in the tender offer. Following successful completion of the tender offer, any shares not acquired in the tender offer will be acquired in a second-step merger at the same $63 per share cash price.
July 15, 2014
10:48 EDTHSHOptions with increasing implied volatility: GLUU KORS RVBD HSH
10:00 EDTPFOn The Fly: Analyst Initiation Summary
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05:51 EDTPFPinnacle Foods reinstated with a Neutral at Goldman
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