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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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August 27, 2015
19:53 EDTTSNMcDonald's, Tyson Foods drop T&S Farm after animal cruelty video, Reuters says
McDonald's (MCD) and Tyson Foods (TSN) terminated a contract with T&S Farm after animal rights activists shot an undercover video showing farm workers engaging in "unacceptable animal treatment", reports Reuters citing Tyson spokesman Worth Sparkman and a statement from McDonald's. Reference Link
August 26, 2015
19:54 EDTTSNJudge overturns roughly $24M in damages against Tyson Foods, Reuters says
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August 20, 2015
19:53 EDTTSNRetailers, others question heightened fees at Port of Oakland, WSJ says
After the Port of Oakland said it is considering implementing additional fees, the Retail Industry Leaders Association told the Federal Maritime Commission that it is "troubled" due to the lack of details regarding the fees, according to the Wall Street Journal. The retailer group also questioned the general effectiveness of such a program, and the Agriculture Transportation Coalition echoed the criticism, said the report. Note that executives from Lowe's (LOW), Best Buy (BBY), Target (TGT), Coca-Cola (KO), J.C. Penney (JCP), Tyson Foods (TSN), SunOpta (STKL), and Whole Foods (WFM) serve on the boards of the aforementioned associations. Reference Link

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