Seeking Alpha

Food stocks active on merger talk

  • Shares of Tyson Foods (TSN +3.5%), Hormel (HRL +2.6%), and Sanderson Farms (SAFM +2.5%) all trade higher after the merger profile of the sector gets a lift from Pilgrim Pride's aggressive pursuit of Hillshire Brands.
  • Though food industry analysts see long-term potential for the sector through consolidation, they warn the merger premium is getting played out.
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