in chicken producers Tyson Foods (NYSE: TSN ), Pilgrim ' s Pride (NASDAQ: PPC ), and Sanderson Farms (NASDAQ: SAFM ) has been ..... CEO seemed cautious on supply issues. Shares of PPC are up 3.8% in early trading, while TSN and SAFM
Shares took a dive this morning, and are now striking new session lows. PPC recently -14% to $27.27. Short-sale rule 201 is in effect. Post your comment!
heavy lifting following its Q3 earnings report - while a number of meat stocks are also contributing including Pilgrim ' s Pride ( PPC +1.3% ), ConAgra Foods ( CAG +1.8% ), Hormel ( HRL +0.7% ), Seneca Foods Corp. ( SENEA +0.7
mix of economic news is enough to give foods stocks a lift. Sector leaders: Tyson Foods ( TSN +1.8% ), Pilgrim ' s Pride ( PPC +5.1% ), Sanderson Farms ( SAFM +4.3% ), Flower Foods ( FLO +1.8% ), Post Holdings ( POST +2
acquiring Hillshire, including Jimmy Dean and Hillshire Farms. However, the firm is paying a hefty premium to outbid Pilgrim ' s Pride , valuing Hillshire at $8.55 billion, or 17 times adjusted 2014 EBITDA. We view Hillshire as a valuable, complementary
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
enterprise value of $8.55 billion), contingent on Hillshire terminating its agreement with Pinnacle Foods. Pilgrim ’ s Pride withdrew from the bidding war as a result, but we still view Tyson’s offer as very rich for Hillshire’s shareholders
June 8 (Reuters) - Tyson Foods Inc has prevailed over Pilgrim ' s Pride Corp in a bidding war for Jimmy Dean sausage maker Hillshire Brands Co, according to a person familiar with the matter.
(Adds Pilgrim ' s Pride , Twitter, GAM Holding, Rose Rock Midstream, Warburg Pincus, Whole Foods, Cosco, Euronext)