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Stock Market & Financial Investment News

News Breaks
July 28, 2014
07:45 EDTTSNTyson Foods files to sell 24M shares of common stock, 30M tangible equity units
Tyson Foods announced today that it has commenced concurrent public offerings of 24M shares of its Class A common stock and 30M tangible equity units, with each tangible equity unit having a stated amount of $50 and comprised of a prepaid stock purchase contract and a senior amortizing note due July 15, 2017, each issued by the company. The company intends to use the net proceeds from these offerings, together with additional debt financing and cash on hand, to finance the previously announced acquisition of The Hillshire Brands Company and to pay related fees and expenses. If for any reason the Hillshire Brands Acquisition is not consummated, then the company intends to use the net proceeds from these offerings for general corporate purposes. Morgan Stanley and J.P. Morgan are acting as lead joint book-running managers and RBC Capital Markets is acting as joint book-running manager for the Class A common stock offering and the tangible equity units offering.
News For TSN From The Last 14 Days
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December 19, 2014
13:43 EDTTSNUSDA says bird flu found in backyard poultry in Oregon
The United States Department of Agriculture’s Animal and Plant Health Inspection Service confirmed the presence of highly pathogenic H5N8 avian influenza in guinea fowl and chickens from a small backyard poultry flock in Winston, Oregon. The H5N8 virus has not been found in commercial poultry anywhere in the United States and there is no immediate public health concern, as the H5N8 virus has been found in birds in other parts of the world and has not caused any human infection to date, the USDA stated. The Fly notes companies that offer or are developing flu vaccines include BioCryst (BCRX) and Novavax (NVAX). Publicly traded meat producers include Hormel Foods (HRL), Pilgrim's Pride (PPC), Sanderson Farms (SAFM) and Tyson Foods (TSN). Reference Link
December 10, 2014
12:06 EDTTSNUSDA lowers 2014 meat production forecast
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09:53 EDTTSNTyson sees capturing over $500M in Hillshire synergies by end year three
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09:49 EDTTSNTyson Foods reiterates temporary halt on China expansion plans
09:44 EDTTSNTyson Foods targeting consistent growth, less volatile earnings
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09:25 EDTTSNTyson Foods lists 'rapid de-leveraging,' acquisitions among cash priorities
Tyson Foods said its priorities for cash include rapid de-leveraging from $1B+ cash flows and $500M+ from sale of Latin American operations; acquisitions to fulfill its growth strategy; and returning cash to shareholders through share repurchases and dividends.
09:19 EDTTSNTyson Foods repeats FY15 adjusted EPS view $3.30-$3.40, consensus $3.41
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December 9, 2014
12:29 EDTTSNTyson Foods volatility at low end of range into investor meeting
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