Hillshire Brands

Corporate spinoffs can be done for a number of reasons, but the most common reason is to attempt to unlock shareholder value by simplifying operations. A number of extremely successful companies were once spinoffs. Here’s a look at some spinoffs you may or may not remember. eBay Inc (NASDAQ:...

Shares of Tyson Foods, Inc. (NYSE: TSN) hit a new 52-week high of $70.44 Monday morning after the company reported its first quarter results. Tyson Foods said it earned $1.07 per share in the first quarter on revenue of $9.17 billion. Wall Street analysts were expecting the company to earn $0....

U.S. stocks were little changed with the S&P 500 closing for the second straight day above the 2,000 mark. Markets were on track for a flat open and volume and volatility remained relatively light throughout the trading session as geopolitical events remain in focus. Israel and Gaza have...

U.S. stocks declined and erased Monday's gains following reports that Russian troops were lining on the borders of Ukraine and preparing for an invasion, according to comments made by Poland's Foreign Minister. “Unfortunately, Russia has restored its combat readiness on the...

U.S. stocks were little changed despite an ADP jobs report showing better-than-expected numbers. The ADP report comes ahead of the non-farm payrolls due on Thursday. Analysts are expecting the payrolls to confirm 212,000 jobs were added in June. The markets will close at 1:00 p.m. on Thursday...

Among the top-performing consumer goods stocks over the past six months that pay dividends, analysts believe that Allison Transmission (NYSE: ALSN), Foot Locker (NYSE: FL) and Pinnacle Foods (NYSE: PF) still have some room to run, despite rising more than 15 percent. It is not unusual for stocks on...

U.S. stocks closed the day slightly higher as a mergers and acquisition heavy trading session eased fears over escalating violence in Iraq. The New York Federal Reserve's Empire State index for June showed that business conditions in June rose from May. In fact, June's reading proved...

U.S. markets rose for the fourth straight session as investors positively digested comments coming from the St. Louis Fed. Jim Bullard, the St. Louis Fed chief said that inflation is low but moving back toward the two percent target. As such, Bullard argued that the Federal Reserve Open...

The Chicago Tribune reported Monday that the largest U.S. meat company, Tyson Foods (NYSE: TSN), agreed to buy Hillshire Brands (NYSE: HSH) for $63 per share in a deal worth $7.8 billion, excluding debt. With the acquisition, Tyson, which outbid Pilgrim’s Pride (NASDAQ: PPC), will...

The bidding war between Tyson Foods and Pilgrim’s Pride to acquire Hillshire Brands came to a head on Sunday after Tyson offered a final bid of $63 in cash per share. The offer values Hillshire at about $7.7 billion and trumps Pilgrim’s bid by almost $1 billion. The deal will be...

U.S. stocks were lower with the S&P 500, Dow Jones and Nasdaq indices all ending in the red. In a lackluster trading session with little market moving move, investors are likely sitting on the sidelines until key data will be released later on this week. All eyes will be on Friday's...

A recent article in USA Today by Bruce Horovitz, "What's behind the food stock frenzy" focused on the heavy takeover activity in the food sector. Horovitz noted that companies in the sector must buy or be bought, explaining: "Perhaps that's why even giant Tyson Foods got into the melee...

The bidding war over Chicago-based meats and desserts company Hillshire Brands Co. heated up after Pilgrim’s Pride Corp increased its acquisition offer by $1 billion. The new offer values Hillshire at $55 per share, a step up from Tyson Foods $50 a share offer on Thursday. If Hillshire...

U.S. stocks were mostly higher on the final trading day of May, as both the S&P 500 and Dow indices close at record highs, despite disappointing consumer spending data reported on Friday morning. Loretta Mester, the soon to be Cleveland Fed President argued in a speech the importance of...