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Benzinga's Insider Buys Of The Week: Ecolab, Mondelez, Transocean And More
Monday, March 12, 2018 - 8:32am | 754Insider buying can be an encouraging signal for potential investors. Bill Gates sharply increased his stake in a water and energy company. Two energy and two food companies also saw notable insider buys. Conventional wisdom says that insiders and 10 percent owners really only buy shares...
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5 Ways M&A Could Be The Best Play For Pinnacle Foods
Monday, August 28, 2017 - 2:10pm | 327Earlier in the year, Conagra Brands Inc (NYSE: CAG) approached Pinnacle Foods Inc (NYSE: PF) to express interest in a potential takeover deal. Speculation continues surrounding this possible merger, one that could ultimately create cost saving synergies beneficial to both parties. An analyst note...
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Short Interest In Conagra Brands Doubled
Tuesday, December 13, 2016 - 8:35am | 295Short sellers loaded up on this processed foods maker in the most recent period. Rumors had it possibly buying out a smaller rival. The share price rose during between the most recent settlement dates. Conagra Brands Inc (NYSE: CAG) is not only the maker of Peter Pan peanut butter, Egg...
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Pinnacle Foods Vs. Peers: A Growth Story Through Sales Rather Than Cost-Cuts
Thursday, July 14, 2016 - 8:21am | 303Pinnacle Foods Inc (NYSE: PF) is the top pick among food stocks among analysts at BMO Capital Markets. BMO Capital Markets' Kenneth Zaslow commented in a research note that there are several reasons to support his bullish stance. First, the company's synergy targets following its acquisition of...
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Pinnacle Foods Extends Tender Offer To Acquire Boulder Brands Until January 15
Friday, January 8, 2016 - 2:50pm | 245Pinnacle Foods Inc (NYSE: PF) announced on November 24, 2015, that it has entered into an agreement to acquire Boulder Brands Inc (NASDAQ: BDBD) for $11 per share, valuing the company at approximately $295 million. Pinnacle Foods said on Friday it has extended its tender off to acquire all the...
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Markets Gather Some Momentum As Volume Remains Light, Geopolitical Tension Improving
Thursday, August 14, 2014 - 4:37pm | 2822U.S. stocks rose to close the day with moderate gains despite a larger than expected increase in jobless claims. “The end of 2015 Q1 is still my preferred liftoff date,” St. Louis Fed President Jim Bullard told The Wall Street Journal. The end of the first quarter is ahead of the...
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Markets Higher In Another Quiet Session Ahead Of Expiration Of Ceasefire Between Israel And Hamas
Wednesday, August 13, 2014 - 4:43pm | 2982U.S. stocks rose for the third time in four days bringing the Dow back into positive territory for the year. Investors appeared to brush up poor retail sales from Macy's while focusing on business inventories that rose in June. On the international front, Ukraine said it would not allow...
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3 Top-Performing Consumer Goods Dividend Payers With The Most Upside Potential
Friday, June 20, 2014 - 10:45am | 868Among 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...
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Market Wrap For June 16: M&A Frenzy Keep Indices In Positive Territory
Monday, June 16, 2014 - 4:33pm | 1781U.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...
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Market Wrap For June 13: Despite Rising, Dow And S&P 500 Lower For The Week
Friday, June 13, 2014 - 4:39pm | 1827U.S. stocks closed the day slightly higher to close out the week as investor concerns over escalating violence in Iraq remains. As was the case during the height of the Russia and Ukraine confrontation, investors are hesitant of holding on to investments over the weekend. U.S. Secretary of...
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Tyson To Acquire Hillshire For $7.8 Billion
Monday, June 9, 2014 - 11:28am | 699The 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...
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#PreMarket Primer: Monday, June 9: Tyson Foods Wins Bidding War For Hillshire
Monday, June 9, 2014 - 6:51am | 1033The 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...
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Small Cap Food Stocks May Benefit From The 'Food Frenzy'
Tuesday, June 3, 2014 - 10:27am | 398A 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...
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Market Wrap For June 2: Dow, S&P Continue Rising, Nasdaq Slightly Lower
Monday, June 2, 2014 - 4:36pm | 2382U.S. stocks were mostly positive on the first trading session of June in which investors were left confused over ISM's May Manufacturing data which was revised twice. Both the S&P 500 and Dow Jones indices reached new highs. The S&P 500 index reached a new all time high of 1,925.88...
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#PreMarket Primer: Friday, May 30: Packaged Meat Space Heats Up With Bidding War
Friday, May 30, 2014 - 7:04am | 1019A bidding war in the packaged meat industry kicked off when Tyson Foods made a $6.1 billion bid for Hillshire Brands, topping Pilgrim’s Pride Corp’s offer of $5.5 billion. A combination of either bidder with Hillshire Brands would create the largest packaged meat company. Increasing the drama...