Tue, May. 27, 7:28 AM
- 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
Mon, May. 12, 7:13 AM
- A merger between Hillshire Brands and Pinnacle Foods could kickstart the consolidation frenzy in the food industry analysts have been forecasting.
- The sector has been tapped to see a high rate of mergers and buyouts due to the significant synergies that could be unleashed through combinations.
- On watch: THS, SJM, GIS, KRFT, CPB, ADM, BGS, RAH, HAIN, K, CAG
Dec. 10, 2013, 1:31 PM
- Wheat prices could fall as world reserves are forecast to exceed previous expectations.
- Global inventories before the start of the 2014 harvests in the Northern Hemisphere will be 2.4% higher than a year ago.
- Wheat futures for delivery next spring touched their lowest level since June 2012 earlier today.
- Related stocks: General Mills (GIS), PepsiCo (PEP), Campbell Soup (CPB), Post Holdings (POST), ConAgra (CAG), Ralcorp (RAH), Flower Foods (FLO), and J.M. Smucker (SJM) could see a minor impact from sustained lower wheat prices. The pricing of the commodity also spills over to affect the costs for companies farther removed from the food industry - including Buffalo Wild Wings (BWLD) and Anheuser-Busch InBev (BUD).
- Related ETF: WEAT
Jan. 14, 2013, 8:06 AM
Jan. 11, 2013, 8:48 AM
Nov. 27, 2012, 12:45 PM
Nov. 27, 2012, 11:36 AMA broad rally in food stocks following ConAgra's purchase of Ralcorp Holdings is led by gains at Post Holdings (POST +2.7%), Annie's (BNNY +2.2%), and TreeHouse Foods (THS +2.5%). At the end of the day, Ralcorp (RAH +26.3%) investors see a big win after ConAgra bought out the company for close to the same price as a previous attempt when the Post cereal business was still part of the equation. | Comment!
Nov. 27, 2012, 9:10 AM
Nov. 27, 2012, 8:48 AMHeard on ConAgra's (CAG) conference call covering the Ralcorp Holdings (RAH) purchase: 1) The deal should close in March of 2013 pending regulatory approval. 2) The company expects $225M run rate cost savings by 4th year. 3) The deal sailed through with unanimous approval by both boards of directors. 4) The company notes the private label business is key to the synergies the deal will create by enhancing the platform in key products such as cereal and pasta. 5) Slides on the performance of private label vs. branded products highlight the faster pace of growth and potential of the market as it matures. (webcast) | Comment!
Nov. 27, 2012, 7:19 AM
Nov. 27, 2012, 7:14 AMMore on the ConAgra Foods (CAG) - Ralcorp Holdings (RAH) deal: The acquisition is expected to accretive for ConAgra in the first year by providing significant cost synergies, particularly in the areas of supply chain and procurement efficiencies. Financing will be derived from existing cash and credit facilities, as well as new borrowings as needed. (PR) | Comment!
Nov. 27, 2012, 7:07 AM
Oct. 4, 2012, 11:23 AM
Sep. 28, 2012, 6:40 AM
Sep. 27, 2012, 6:39 AM
Aug. 23, 2012, 9:03 AMRalcorp (RAH +3.85%) looks set for investor agitation after hedge fund Corvex discloses that it has upped its stake in the company to 5.1% and says Ralcorp should enhance stockholder value in one of three ways: a sale, an M&A with another food company, or with a "self-help" strategy with new board directors. Ralcorp was the subject of ConAgra's advances in 2011 but rebuffed them. | Comment!
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Ralcorp Holdings, Inc. is a Missouri corporation incorporated on October 23, 1996. Our principal executive offices are located at 800 Market Street, Suite 2600, St. Louis, Missouri 63101. The terms “we,” “our,” “us,” “Company,” “Ralcorp,” and “Registrant” as used herein refer to Ralcorp... More
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