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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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March 31, 2015
18:39 EDTPPCPilgrim's Pride may be ready for a big acquisition, Bloomberg says
Pilgrim’s Pride (PPC), which last year dropped out of the bidding for Hillshire Brands, may look to acquire Sanderson Farms (SAFM), or to buy the Midwestern brands owned by Smithfield Foods, or to purchase Oaktree Capital-owned AdvancePierre Foods, Bloomberg Real M&A speculates. Reference Link
March 25, 2015
11:58 EDTTSN, PPCStephens food/agribusiness analyst holds analyst/industry conference call
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08:57 EDTPPC, TSNJBS S.A. weighing IPO for U.S. unit, Bloomberg reports
The world’s biggest meat producer, JBS S.A. (JBSAY), is mulling plans for an initial public offering of its U.S. unit, according to Bloomberg, citing two people with direct knowledge of the matter. Other publicly traded companies in the meat production space include Hormel Foods (HRL), Pilgrim's Pride (PPC), Sanderson Farms (SAFM) and Tyson Foods (TSN). Reference Link
March 24, 2015
07:50 EDTTSNTyson Foods shares should be bought, says BB&T
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