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Stock Market & Financial Investment News

News Breaks
June 6, 2014
12:48 EDTTSN, PPC, HSHTyson Foods drops after analyst warns deal could be short-term negative
Shares of meat producer Tyson Foods (TSN) are falling after BB&T downgraded the stock to Hold from Buy. The company will likely win the bidding war for Hillshire Foods (HSH), but the deal may not be good for Tyson's shareholders in the short-term, BB&T wrote. WHAT'S NEW: The bids for Hillshire have become "somewhat lofty," BB&T analyst Brett Hundley wrote in a note to investors earlier today. As a result, the deal may not be beneficial for Tyson from a financial perspective in the short-term, the analyst warned. After Pilgrim's Pride (PPC) raised its bid for Hillshire to $55 per share, Tyson's could respond with a $60 per share bid, Hundley stated. If Tyson funds a takeover at that price with debt, it would risk ruining its investment grade credit rating, according to Hundley. Alternatively, the company could issue new shares and maintain its investment grade credit rating, according to the analyst. In the latter scenario, Tyson's stock would only be worth about $47 per share, creating an unattractive risk/reward ratio, Hundley contended. Meanwhile, the chicken market is probably peaking and the profit margins on red meat are challenged, the analyst added. PRICE ACTION: In early afternoon trading, Tyson fell 2% to $40, while Hillshire was flat near $58.58.
News For TSN;HSH;PPC From The Last 14 Days
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August 27, 2015
19:53 EDTTSNMcDonald's, Tyson Foods drop T&S Farm after animal cruelty video, Reuters says
McDonald's (MCD) and Tyson Foods (TSN) terminated a contract with T&S Farm after animal rights activists shot an undercover video showing farm workers engaging in "unacceptable animal treatment", reports Reuters citing Tyson spokesman Worth Sparkman and a statement from McDonald's. Reference Link
August 26, 2015
19:54 EDTTSNJudge overturns roughly $24M in damages against Tyson Foods, Reuters says
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August 20, 2015
19:53 EDTTSNRetailers, others question heightened fees at Port of Oakland, WSJ says
After the Port of Oakland said it is considering implementing additional fees, the Retail Industry Leaders Association told the Federal Maritime Commission that it is "troubled" due to the lack of details regarding the fees, according to the Wall Street Journal. The retailer group also questioned the general effectiveness of such a program, and the Agriculture Transportation Coalition echoed the criticism, said the report. Note that executives from Lowe's (LOW), Best Buy (BBY), Target (TGT), Coca-Cola (KO), J.C. Penney (JCP), Tyson Foods (TSN), SunOpta (STKL), and Whole Foods (WFM) serve on the boards of the aforementioned associations. Reference Link
August 19, 2015
09:25 EDTPPCBB&T to hold a conference
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