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Stock Market & Financial Investment News

News Breaks
July 16, 2014
17:23 EDTTSN, HSHTyson 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.
News For TSN;HSH From The Last 14 Days
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August 28, 2014
16:33 EDTTSNTyson Food, Hillshire complete merger, sees FY15 synergy savings of $225M
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09:04 EDTTSN, HSHTyson Foods sees completing Hillshire merger later today
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August 27, 2014
16:53 EDTTSN, HSHTyson, Hillshire announce expiration of the HSR waiting period
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14:39 EDTTSN, HSHTyson, Hillshire Brands reach agreement with Department of Justice
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14:25 EDTHSH, TSNDOJ requires Tyson to divest sow purchasing business in merger settlement
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14:19 EDTTSN, HSHHillshire rebounds, back to flat after report of merger deal with DOJ
Shares of Tyson Foods (TSN), which had dropped briefly, are also back to being nearly unchanged.
14:17 EDTTSN, HSHTyson Foods, Hillshire enter settlement with U.S. over merger, Bloomberg says
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14:14 EDTHSHHillshire Brands drops 3% to $61.05
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August 26, 2014
13:03 EDTHSH, TSNTyson Foods, Hillshire Brands announce extension of tender offer
Tyson Foods (TSN) and The Hillshire Brands Company (HSH) announced that Tyson has extended the offering period of its previously announced tender offer to purchase all of the outstanding shares of common stock of Hillshire Brands for $63.00 per share in cash, without interest, subject to any withholding of taxes required by applicable law and upon the terms and subject to the conditions set forth in the Offer to Purchase dated July 16. Pursuant to the Agreement and Plan of Merger, dated July 1, by and among Tyson, HMB Holdings and Hillshire Brands, the Offer, which was previously scheduled to expire at 12:00 midnight, New York City time, at the end of Tuesday, August 26, has been extended until 12:00 midnight, New York City time, on Wednesday, August 27, unless it is extended further under the circumstances set forth in the Merger Agreement. All terms and conditions of the Offer shall remain unchanged during the extended period.
12:09 EDTTSNSanderson Farms tumbles after Q3 results fall short of expectations
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August 21, 2014
12:24 EDTTSNHormel hits 52-week high after Q3 results beat estimates
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August 19, 2014
18:19 EDTTSN, HSHTyson, Hillshire announce extension of tender offer for shares of Hillshire
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