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Stock Market & Financial Investment News

News Breaks
June 6, 2014
12:48 EDTPPC, HSH, TSNTyson 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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January 26, 2015
10:30 EDTPPCOptions with decreasing implied volatility
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January 21, 2015
10:54 EDTPPCOptions with increasing implied volatility: PPC EUO GLD
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January 20, 2015
14:29 EDTTSNTyson Foods settles Missouri chemical spill suit for $540K
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10:45 EDTPPCOptions with increasing implied volatility
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January 16, 2015
10:27 EDTPPCOptions with increasing implied volatility
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January 15, 2015
12:26 EDTPPCOn The Fly: Midday Wrap
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09:15 EDTPPCOn The Fly: Pre-market Movers
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January 14, 2015
19:01 EDTPPCPilgrim's Pride declares $5.77 per share special dividend
Pilgrim's Pride Corporation announced that as part of its strategy of improving its capital structure and generating shareholder value, its board has approved the declaration of a special cash dividend of $5.77 per share. The total amount of the special dividend payment will be approximately $1.5B based on the current number of shares outstanding. The special cash dividend is payable on February 17 to stockholders of record on January 30.
January 13, 2015
06:56 EDTTSNTyson may see 'some impact' to business by China poultry ban, WSJ says
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January 12, 2015
12:04 EDTTSN, PPCUSDA raises 2015 meat production forecast
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