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    1. New Morningstar Analyst Report for Tyson Foods Inc

      Stock Reports

      Thu, 10 Jul 2014

      but we are wary that management was willing to participate in a bidding war against an experienced acquirer in Pilgrims Pride /JBS, and pay such a high premium (at 17 times projected fiscal 2014 enterprise value to EBITDA) for a business

    2. Food names higher with M&A buzz in the background

      Headlines

      Tue, 8 Jul 2014

      Shares of Sanderson Farms ( SAFM +0.6% ), Pilgrim ' s Pride ( PPC +1.8% ), and Tyson Foods ( TSN +0.5% ) all move higher to buck a weak tape. A Macquarie upgrade on Tyson and a note from

    3. Shop for Moats in Consumer Defensive Stocks

      Headlines

      Fri, 27 Jun 2014

      Hillshire Brands ' HSH own plans to acquire Pinnacle Foods (originally announced in May), both Tyson Foods TSN and Pilgrim ' s Pride PPC launched bids for Hillshire, with Tyson eventually triumphing at a $63 per share offer. We view this acquisition

    4. Credit Market Outlook: Tight Spreads Will Keep a Lid on Returns

      Headlines

      Thu, 26 Jun 2014

      Pinnacle Foods in a debt-fueled transaction. However, Hillshire itself was then subject to a bidding war between Pilgrim ' s Pride and Tyson, of which Tyson eventually succeeded. Tyson is paying a hefty 17 times projected fiscal 2014 EBITDA enterprise

    5. Pinnacle Foods Provides Attractive Alternative To Hillshire Brands For Pilgrim's Pride

      Headlines

      Tue, 17 Jun 2014

      question is: will the outbid Pilgrim ' s Pride Corp. ( PPC ) swoop in for Pinnacle ..... Three weeks before Tyson and Pilgrim ' s Pride each made unsolicited offers ..... termination fee of $163 million . Pilgrim ' s Pride is looking elsewhere Shares

    6. M&A watch: Bob Evans could be next packaged meat target

      Headlines

      Mon, 16 Jun 2014

      to be a buyout target , according to the WSJ . Consolidation in the meat industry is expected to continue with Pilgrim ' s Pride ( PPC ) still flush with cash. Shares of Bob Evans ( BOBE ) are up over 4.2% during the last month, but are still

    7. Moody's weighs in on Pilgrim"s Pride

      Headlines

      Tue, 10 Jun 2014

      Moody's affirms its rating on Pilgrim ' s Pride ( PPC +1.6% ) after the company ..... with the $7.7B price tag on Pilgrim " s Pride raising some questions. The outlook on Pilgrim ' s Pride from Moody's is reduced to

    8. New Morningstar Analyst Report for Hillshire Brands Co

      Stock Reports

      Tue, 10 Jun 2014

      Hillshire Brands’ fair value estimate to $63 from $55 per share, to reflect Tyson’s updated all-cash offer. Pilgrims Pride withdrew from the bidding war as a result, so we would not expect Hillshire to receive another counteroffer. However

    9. Pilgrim’s Pride Withdraws, as Tyson Foods Offers Very Rich $63 Per Share Offer for Hillshire Brands

      Commentary

      Mon, 9 Jun 2014

      enterprise value of $8.55 billion), contingent on Hillshire terminating its agreement with Pinnacle Foods. Pilgrims Pride withdrew from the bidding war as a result, but we still view Tyson’s offer as very rich for Hillshire’s shareholders

    10. Pilgrim's Pride gives up the fight for Hillshire Brands

      Headlines

      Mon, 9 Jun 2014

      Pilgrim ' s Pride ( PPC ) withdraws its proposal to buy Hillshire Brands ( HSH ) after seeing Tyson Foods come in over the top of its $55-per-share offer. The company says it was in the best interest of shareholders to end the bidding war. Post your comment!

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