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Stock Market & Financial Investment News

News Breaks
June 26, 2014
11:47 EDTTSN, HSH, SAFM, PPCTyson advances after Macquarie starts with Outperform rating
Shares of meat producer Tyson Foods (TSN) are climbing on a down day for the market after Macquarie initiated coverage of the stock with an Outperform rating. WHAT'S NEW: Tyson is particularly well-positioned to benefit from increased global food demand and a shift towards higher consumption of protein around the world, Macquarie analyst Andrew Russell wrote in a note to investors earlier today. The many types of proteins offered by the company and its focus on international markets should enable it to exploit these trends, the analyst explained. Moreover, Tyson should benefit from strong U.S. chicken prices through mid-2015, as various factors have caused demand for chicken in the U.S. to rise while supply has only increased modestly, Russell stated. Higher chicken prices should help enable Tyson's profits to rise 6%-7% annually through 2016, and the analyst is upbeat on Tyson's proposed acquisition of Hillshire Brands (HSH). The deal should bolster Tyson's relatively weak consumer products offerings, while giving it the opportunity to incorporate its pork into higher margin products, Russell stated. He set a $43 price target on Tyson. OTHERS TO WATCH: Other independent U.S. protein producers include Sanderson Farms (SAFM) and Pilgrim's Pride (PPC). PRICE ACTION: In late morning trading, Tyson Foods climbed 52c, or 1.4% to $36.90.
News For TSN;HSH;SAFM;PPC From The Last 14 Days
Check below for free stories on TSN;HSH;SAFM;PPC the last two weeks.
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July 24, 2014
10:37 EDTHSHOptions with increasing implied volatility: TLM IP HSH
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July 16, 2014
17:23 EDTHSH, TSNTyson Foods commences tender offer for Hillshire Brands for $63 per share cash
Tyson Foods (TSN) announced that it has commenced a cash tender offer for all outstanding shares of common stock of Hillshire Brands (HSH) at a price of $63.00 per share. The tender offer is being made pursuant to the previously announced merger agreement dated July 1, among the two companies and HMB Holdings, a wholly owned subsidiary of Tyson Foods. The tender offer period will expire at 12:00 midnight at the end of the day on August 12, unless the offer is extended. Tyson Foods has filed a tender offer statement on Schedule TO with the United States SEC. HMB Holdings is the acquirer in the tender offer. The Offer to Purchase contained within the Schedule TO sets out the terms and conditions of the tender offer. Hillshire Brands has also filed a Solicitation/Recommendation Statement with the SEC, which includes the recommendation of the Hillshire board of directors that Hillshire Brands stockholders tender their shares in the tender offer. Following successful completion of the tender offer, any shares not acquired in the tender offer will be acquired in a second-step merger at the same $63 per share cash price.
July 15, 2014
10:48 EDTHSHOptions with increasing implied volatility: GLUU KORS RVBD HSH

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