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Stock Market & Financial Investment News

News Breaks
August 12, 2014
18:31 EDTTSN, HSHTyson, Hillshire Brands announce extension of tender offer for Hillshire shares
Tyson Foods (TSN) and The Hillshire Brands Company (HSH) announced that, on August 12, each received a request for additional information, often referred to as a "second request," from the Antitrust Division of the Department of Justice in connection with Tyson's proposed acquisition of Hillshire Brands. Each second request was issued pursuant to the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. The second requests relate only to a very small portion of the combined Tyson/Hillshire Brands business, and the parties are working expeditiously to resolve this matter with the Antitrust Division. As a result of the second requests, pursuant to the Agreement and Plan of Merger, dated July 1, by and among Tyson, HMB Holdings, Inc. and Hillshire Brands, 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. The Offer, which was previously scheduled to expire August 12, has been extended until August 19, 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. Tyson and Hillshire Brands continue to expect that the transaction, which remains subject to customary closing conditions, will be completed by or before September 27.
News For TSN;HSH From The Last 14 Days
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October 17, 2014
09:07 EDTTSNProtein stock pullback on Sanderson comments overdone, says BMO Capital
BMO Capital views yesterday's decline in Sanderson Farms (SAFM), Pilgrim's Pride (PPC) and Tyson Foods (TSN) as an overreaction to Sanderson's comments regarding breast prices falling to year-ago levels for the next four months. BMO notes that breast prices always dip in the fall. Following Sanderson's investor day, BMO said it sees a greater probability of chicken margins remaining at near-record levels in 2015. It keeps an Outperform rating on the stock.
07:39 EDTTSNChicken stock sell-off yesterday overdone, says JPMorgan
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