|Day Low/High||62.96 / 63.01|
|52 Wk Low/High||30.35 / 62.98|
U.S. stock markets fell Tuesday after an iffy session a day earlier. While the Dow made the biggest gains Monday, the Nasdaq slipped and the S&P 500 all but flat-lined following an accounting error in ISM manufacturing data for May, a litmus test for broad economic health.
Hillshire Brands (HSH) rose to a one-year high of $58.50 on Tuesday as Pilgrim's Pride (PPC) fired another shot in the bidding war with Tyson Foods (TSN) to acquire the Jimmy Dean sausage maker with a $7.7 billion all-cash offer.
It's one of those days when not much can buoy the markets -- not surprisingly strong car sales figures nor a climb in factory orders nor further support for monetary easing out of the European Central Bank. The markets ignored the normal rally incentives on Tuesday and dipped below record levels set over a May rally.
TheStreet's Jim Cramer explains why he would not sell Hillshire Brands (HSH) stock just yet.
The bidding war for Hillshire Brands and products like its Jimmy Dean breakfast sandwiches is escalating. Pilgrim's Pride topped its previous offer for Hillshire, valuing it at about $55 a share, or $7.7 billion. That's according to a news release by Pilgrim's Pride, which says it submitted the revised bid to Hillshire on June 1. The new bid tops its prior offer, which valued the company at $6.4 billion, as well as one from Tyson Foods, which offered $50 a share, or $6.8 billion. Pilgrim's calls the new offer 'financially compelling' for shareholders of both companies, noting it would generate annual cost savings of $300 million from increased efficiencies.
Trumps Tyson's rival offer with sweetened $55 per share cash proposal.
U.S. futures are starting Tuesday mixed after an iffy session a day earlier. While the Dow made the biggest gains Monday, the Nasdaq slipped and the S&P 500 all but flat-lined following an accounting error in ISM manufacturing data for May, a litmus test for broad economic health.
Shares of Hillshire Brands (HSH) are higher in pre-market trade after Pilgrim's Pride (PPC) reportedly raised its offer for the food products company by over $1 billion.
U.S. stock futures are lower; Hillshire to hold talks with Pilgrim's Pride and Tyson Foods; GM and Ford to report auto sales for May; Krispy Kreme slashes its earnings forecast.
Trade-Ideas LLC identified Hillshire Brands (HSH) as a pre-market leader candidate
The Hillshire Brands Company (NYSE: HSH) today announced that its Board of Directors, after consultation with its independent legal and financial advisors, has made the requisite determination under Hillshire ...
Cramer sounds off against the professional money managers who trade the market like it's merely a basket of commodities.
TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, is taking a closer look at some of the recent M&A headlines in the food industry.
By James Dennin for Kapitall. Tyson Foods (TSN), the second largest pork producer in America and supplier of the chicken [...]
Hillshire Brands (HSH) shares were downgraded to 'market perform' by analysts at Bernstein one day after rising 17% in market trading.
U.S. stock futures are lower; Shelly Sterling reaches an agreement to sell the Los Angeles Clippers to former Microsoft CEO Steve Ballmer; the U.S. is seeking a $10 billion penalty from BNP Paribas, a report says.
The trading panel discussed Netflix's valuation and whether shares are worth buying.
In the quest for growth, the acquisition buying frenzy is only just beginning, Cramer says.
U.S. stocks rise on Thursday despite disappointing home sales. Jobless claims fall more than expected, while investors overlook a poor result for first-quarter GDP.
Hillshire Brands (HSH) surged to a one-year high of $52.93 on Thursday as Tyson Foods (TSN) made an offer of $6.1 billion to buy the company.
Stocks showed their forward focus on Thursday, rising despite a Q1 GDP shocker and lackluster housing activity.
Shares of Tyson Foods (TSN) are surging after it was reported that Tyson offered $6.1 billion to buy Hillshire Brands (HSH).
The Hillshire Brands Company (NYSE: HSH) today issued the following statement in response to the unsolicited proposal by Tyson Foods, Inc.
TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, highlights the M&A action in the food industry.
TheStreet's Jim Cramer explains why Tyson Foods (TSN) needs Hillshire Brands (HSH) and why he would not buy the latter right now.
Tops unsolicited proposal from Pilgrim's Pride with $50 per share, or $6.8 billion, bid.
Trade-Ideas LLC identified Hillshire Brands (HSH) as an unusual social activity candidate
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