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Stock Market & Financial Investment News

News Breaks
June 5, 2014
06:26 EDTHSH, TSN, PPCTyson considers costly Hillshire acquisition, WSJ says
Data from Dealogic says a winning bid of Hillshire (HSH) will likely be Tyson's (TSN) costliest acquisition ever and would require it to borrow heavily and potentially issue new equity, reports the Wall Streett Journal. Analysts say Tyson still has the balance sheet to pull off a higher offer and is still expected to do so. Pilgrim's Pride (PPC) current offer is at $6.8B for Hillshire Brands. Reference Link
News For TSN;HSH;PPC From The Last 14 Days
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April 22, 2015
07:28 EDTPPC, TSNMexico halts imports of poultry products from Iowa due to bird flu, Reuters says
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April 21, 2015
08:33 EDTPPC, TSNBird flu outbreak spreads to large Iowa chicken farm, WSJ reports
An Iowa farm with about 5.3M chickens in Osceola County is the latest, and largest, chicken flock to be affected by an ongoing outbreak of avian influenza, or bird flu, reported The Wall Street Journal. The addition of this large flock brings the total number of chickens and turkeys affected by avian influenza to nearly 8M, the report noted. Last night, Hormel Foods (HRL) provided additional information regarding the anticipated impact of recent avian influenza outbreaks on its Jennie-O Turkey Store segment, stating that lower turkey supply is expected to impact plant operations and cause reduced sales volumes as the year progresses. Other publicly traded companies in the meat production space include Pilgrim's Pride (PPC), Sanderson Farms (SAFM) and Tyson Foods (TSN). Reference Link
April 13, 2015
12:04 EDTTSN, PPCUSDA confirms first commercial chicken case of bird flu, Reuters says
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