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Stock Market & Financial Investment News

News Breaks
May 5, 2014
07:40 EDTTSNTyson Foods sees FY14 sales about $37B, consensus $35.94B
The company said, "We expect fiscal 2014 sales to approximate $37B as we continue to execute our strategy of accelerating growth in domestic value-added chicken sales, prepared food sales and international chicken production, as well as price increases associated with rising cattle and hog costs." The company sees its Chicken segment to be above its normalized range of 5.0%-7.0% for FY14, for its Beef segment's profitability to be similar to FY13, which was below its normalized range of 2.5%-4.5%, for its Pork segment to be in its normalized range of 6.0%-8.0% and for its Prepared Foods segment to be below its normalized range of 4.0%-6.0% for FY14. The company said about is International segment: "Unless market conditions improve, we will incur losses for the remainder of the year; however the losses in the third and fourth quarters of FY14 should be lower than the losses sustained in the first two quarters of FY14."
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July 25, 2014
16:32 EDTTSNTyson Foods to close three plants to improve prepared foods performance
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14:46 EDTTSNTyson Foods technical commentary before earnings
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July 16, 2014
17:23 EDTTSNTyson 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.

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