Food sector on watch after mega-merger


A $6.4B offer by Pilgrim Pride's (PPC) to buy Hillshire Brands (HSH) could rattle the food sector.

For starters, the deal could spoil Hillshire's offer on the table to buy Pinnacle Foods (PF).

The quick analyst take on a PPC-HSH combination is favorable with the companies focused in different areas (chicken vs. packaged meat) which could lead to easy access to new distribution channels.

Premarket: HSH +22.9% to $45.49, PF -5.3% to $31.50.

Also on merger watch in the food sector: THS, SJM, GIS, KRFT, CPB, ADM, BGS, RAH, HAIN, K CAG

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Comments (2)
  • psittner
    , contributor
    Comments (102) | Send Message
     
    RAH was already acquired. Over a year ago. Update your data. You're welcome.
    27 May 2014, 09:47 AM Reply Like
  • 153972
    , contributor
    Comments (1294) | Send Message
     
    Outstanding! Factory chickens and now processed meat under 1 roof.
    27 May 2014, 07:24 PM Reply Like
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