New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 27, 2014
07:07 EDTPF, HSH, PPCPilgrim's Pride proposes to acquire Hillshire Brands for $45.00 per share cash
Pilgrim's Pride Corporation (PPC) announced that it has made a proposal toacquire The Hillshire Brands Company (HSH) for $45.00 per share in cash, in a transaction valued at $6.4B. Pilgrim said its all-cash proposal provides Hillshire shareholders with a substantially superior alternative to Hillshire's pending acquisition of Pinnacle Foods (PF), representing a 25% premium to the volume weighted average price of Hillshire shares over the 10 trading days following the announcement of the Pinnacle transaction. Further, the transaction represents a compelling value to Hillshire shareholders at 12.5x Hillshire's trailing adjusted EBITDA, including the $163M termination fee payable to Pinnacle. The proposal has the unanimous support of the Board of Directors of Pilgrim's, as well as the support of JBS S.A., the majority owner of Pilgrim's. It is anticipated that the proposed transaction would close in the third quarter of 2014 and would be subject to customary closing conditions and the termination of Hillshire's merger agreement with Pinnacle. Pilgrim's expects to finance the acquisition with a combination of existing cash balances and new debt financing.
News For PPC;HSH;PF From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
July 30, 2015
07:12 EDTPFPinnacle Foods raises FY15 adjusted EPS to $1.89-$1.91 from $1.86-$1.91
Subscribe for More Information
07:11 EDTPFPinnacle Foods reports Q2 North America sales up 2% to $546.9M
Subscribe for More Information
07:10 EDTPFPinnacle Foods reports Q2 EPS excl-items 36c, consensus 35c
Reports Q2 revenue $631.7M, consensus $628.17M. This growth reflected a 2.5% benefit from Gardein and higher net price realization of 1.3%, partially offset by lower volume/mix of 1.2%, driven by Easter timing, and unfavorable foreign currency translation of 0.3%.
July 29, 2015
17:03 EDTPPCPilgrim's Pride announces new $150M share repurchase program
Subscribe for More Information
17:02 EDTPPCPilgrim's Pride reports Q2 EPS 94c, consensus 89c
Subscribe for More Information

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