Tyson Foods Inc.NYSE
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  • Tue, Nov. 8, 2:58 PM
    • Food stocks are getting gobbled after a report circulates indicating that 3G is prepping for another acquisition.
    • Sources tell Brazil Journal that 3G is raising between $8B and $10B for the new deal.
    • Gainers on the day include Mondelez International (MDLZ +4%), G. Will Food-International <<WILC,>> Kraft Heinz (KHC +2.8%), Pilgrim's Pride (PPC +2.9%), Lifeway Foods (LWAY +1.2%), Pinnacle Foods (PF +0.8%), Tyson Foods (TSN +1.4%), Seneca Foods (SENEB), Campbell Soup (CPB +3.6%), General Mills (GIS +3%), Kellogg (K +2.8%), Flower Foods (FLO +1.4%) and J.M. Smucker (SJM +1.1%).
    • The PowerShares Dynamic Foods & Beverage ETF (NYSEARCA:PBJ) is up 1.93% on the day.
    | Tue, Nov. 8, 2:58 PM | 39 Comments
  • Feb. 6, 2015, 11:42 AM
    • Closely held organic and natural meat producer Applegate Farms has hired Goldman Sachs to assist with a sale, and could fetch something in the area of $500M, reports the WSJ.
    • Protein's the thing, and a sale of Applegate would add to last year's Tyson Foods (NYSE:TSN) $7.7B purchase of Hillshire Brands, Post Holdings' (NYSE:POST) acquisition of Michael Foods, and Hormel's (NYSE:HRL) buy of CytoSport Holdings.
    • The Journal reports several industry players have expressed interest, but doesn't necessarily name the above companies.
    | Feb. 6, 2015, 11:42 AM
  • Aug. 29, 2014, 5:03 AM
    • Tyson Foods (NYSE:TSN) has completed its $7.7B acquisition of Hillshire Brands (NYSE:HSH).
    • Hillshire's common stock will be de-listed and cease trading on the NYSE and Chicago Stock Exchange before the market open this morning.
    • Tyson says the combined company's new leadership will include a mix of senior leaders from both companies, but Hillshire's CEO Sean Connolly has chosen to pursue other interests.
    | Aug. 29, 2014, 5:03 AM
  • Aug. 13, 2014, 3:58 AM
    • The Department of Justice's Antitrust Division has requested additional information from Tyson Foods (NYSE:TSN) and Hillshire Brands (NYSE:HSH) regarding their $7.7B deal announced in June.
    • Tyson's tender offer, which was scheduled to expire on July 16, has been extended until Aug. 19. The companies estimate the deal to be completed by Sept. 27.
    • Antitrust experts are expecting the deal to win approval, since the companies tend to sell different products.
    | Aug. 13, 2014, 3:58 AM
  • Jul. 2, 2014, 8:18 AM
    • Tyson Foods (TSN) and Hillshire Brands (HSH) say both boards have approved the merger of the two companies in an all-cash $8.55B transaction.
    • The deal is expected to close before September 27 after a two-step tender offer completes.
    • Tyson Foods will be the company making the $163M termination payment to Pinnacle Foods (PF), not Hillshire as widely reported.
    | Jul. 2, 2014, 8:18 AM | 1 Comment
  • Jun. 9, 2014, 7:39 AM
    • Tyson Foods (TSN) confirms a deal to buy Hillshire Brands (HSH) for $63 per share in a deal valued at $8.55B.
    • The company will use cash on hand and a bridge loan to fund the acquisition.
    • Execs will discuss the merger on a conference call at 8:30 AM EST.
    • Shares of Tyson are down 2.8% in premarket action, while Hillshire Brands is up 5.1% to $61.95.
    | Jun. 9, 2014, 7:39 AM | 2 Comments
  • Jun. 9, 2014, 1:31 AM
    • Tyson Foods (TSN) appears to have won the battle to buy Hillshire Brands (HSH), after offering $7.7B for the company, or $63 a share. The offer is nearly $1B more than the bid cast by Pilgrim's Pride (PPC) last week.
    • The deal is still not finalized, and can take a few days, if not more. Hillshire Brands cannot even make another deal until it terminates a previous merger agreement with Pinnacle Foods (PF), paying $163M towards a break-up fee.
    | Jun. 9, 2014, 1:31 AM | 2 Comments
  • May 29, 2014, 8:44 AM
    • Tyson Foods (TSN) offers to buy Hillshire Brands (HSH) for $50 per share.
    • The offer is over the top of a bid from Pilgrim's Pride (PPC) for the company.
    • The news could hit shares of Pinnacle Foods (PF) if it's left without a merger partner.
    • Food stock chain reaction (premarket): TSN +3.4% to $42.15; HSH +13.9% to $51.25, PPC -1.5% to $25.00; PF -1.8% to $31.00.
    | May 29, 2014, 8:44 AM | 4 Comments
  • Apr. 11, 2014, 4:57 PM
    • Michael Foods is evaluating binding bids from Tyson (TSN) and Post (POST) and is near a deal to be sold to one of the two for ~$2.5B, Reuters reports.
    • A deal is expected to come in the next two weeks for the egg and dairy products producer, which has been put up for sale by Goldman Sachs' PE arm.
    • For both Tyson and Post, a takeover of Michael Foods would be their largest deal in recent years; TSN has traditionally shunned large acquisitions, while Post has been pursuing deals aggressively.
    | Apr. 11, 2014, 4:57 PM
  • Feb. 15, 2014, 12:13 PM
    • Tyson Foods (TSN) made an offer for Michael Foods, according to Bloomberg.
    • The prepared foods business is owned by the P-E arm of Goldman Sachs (GS).
    • Inside sources think more bids in the neighborhood of $2B could come in from food companies and other P-E firms.
    • Michael Foods sells products under a number of brands that would be a good fit for Tyson - including Simply Potatoes, Papetti’s Easy Eggs, and Crystal Farms cheese.
    | Feb. 15, 2014, 12:13 PM | 5 Comments
  • Jan. 21, 2014, 7:07 AM
    • Tyson Foods (TSN) purchases the assets of Bosco's Pizza Co.
    • The acquisition is part of a strategic plan to bolster the company's prepared foods business in the U.S.
    • Financial terms of the deal weren't disclosed.
    | Jan. 21, 2014, 7:07 AM