affects imports for food products that are hard to find, eventually Sanderson Farms (NASDAQ: SAFM ), Pilgrim ' s Pride (NASDAQ: PPC ), and Tyson Foods (NYSE: TSN ) could see a benefit. Post your comment!
By IntrinsicValuator : Pilgrim's (NASDAQ: PPC ) is trading at 7.67x EBITDA, and while this appears to be "cheap," the industry as a whole appears as cheap. Two concerns
Sanderson Farms ( SAFM -1.3% ), Pilgrim ' s Pride ( PPC -0.9% ), and Tyson Foods ( TSN -0.4% ) see some selling pressure after Russia bans food imports from the U.S. Execs
but we are wary that management was willing to participate in a bidding war against an experienced acquirer in Pilgrim ’ s Pride /JBS, and pay such a high premium (at 17 times projected fiscal 2014 enterprise value to EBITDA) for a business
July 28 (Reuters) - Tyson Foods Inc said on Monday it would sell its Mexican and Brazilian poultry businesses to JBS SA's Pilgrim ' s Pride for $575 million and use the proceeds to pay down debt from...
(Reuters) - Tyson Foods Inc TSN.N, the biggest U.S. meat processor, said on Monday it would sell its Mexican and Brazilian poultry businesses to bigger global rival JBS SA's JBSS3.SA Pilgrim ' s Pride for $575 million.
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
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
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
Hillshire Brands’ fair value estimate to $63 from $55 per share, to reflect Tyson’s updated all-cash offer. Pilgrim ’ s Pride withdrew from the bidding war as a result, so we would not expect Hillshire to receive another counteroffer. However