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Stock Market & Financial Investment News

News Breaks
June 5, 2014
09:16 EDTHSH, TSNTyson Foods should walk away from Hillshire Brands, says Credit Suisse
Credit Suisse believes the winner in acquiring Hillshire Brands (HSH) could actually be the loser and that Tyson Foods' (TSN) best move is to walk away from its $50 per share bid and let Pilgrim take the risk with a $55 per share bid. The analyst believes Tyson would have to issue stock to finance a bid above $50 per share and at $60, any accretion is gone. Shares of Tyson are Neutral rated with a $40 price target.
News For TSN;HSH From The Last 14 Days
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April 22, 2015
07:28 EDTTSNMexico halts imports of poultry products from Iowa due to bird flu, Reuters says
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April 21, 2015
08:33 EDTTSNBird 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 EDTTSNUSDA confirms first commercial chicken case of bird flu, Reuters says
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