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Pilgrims Pride Corp

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  • July 28- Tyson Foods Inc said on Monday it would sell its Mexican and Brazilian poultry businesses to JBS SA for $575 million and use the proceeds to pay down debt from its pending $7.7 billion purchase of Hillshire Brands Co..

  • Jimmy Dean moves beyond breakfast for first time Tuesday, 29 Jul 2014 | 11:03 AM ET

    NEW YORK— Jimmy Dean is coming to dinner— and lunch, too. Jimmy Dean, owned by Hillshire Brands, is rolling out 16 microwavable products that cost around $3 each and are designed to be eaten later in the day, including a pulled pork sandwich and grilled steak bowl.

  • July 28- Tyson Foods Inc, the biggest U.S. meat processor, said on Monday it would sell its Mexican and Brazilian poultry businesses to bigger global rival JBS SA's Pilgrim's Pride for $575 million.

  • July 28- Tyson Foods Inc, the biggest U.S. meat processor, said it would sell its Mexican and Brazilian poultry businesses to JBS SA, the world's No. 1 meat producer, for $575 million. The company said it would use proceeds from the sale to pay down debt associated with its $7.7 billion acquisition of Hillshire Brands Co, which is expected to close in the current quarter.

  • Tyson to sell Mexico, Brazil poultry operations Monday, 28 Jul 2014 | 6:42 AM ET

    SPRINGDALE, Ark.— Tyson Foods plans to sell its poultry businesses in Mexico and Brazil for $575 million in cash to help pay debt from its recently announced acquisition of Hillshire Brands. Tyson Foods Inc. said it expects the sale of its Mexico and Brazil operations to JBS SA will be completed by the end of the year.

  • Tyson outbid Pilgrim's Pride Corp with its $63 per share offer for Hillshire, valuing the Jimmy Dean sausages maker at $8.55 billion. The Cherokee plant will close on Sep. 27, while the Buffalo and Santa Teresa plants are expected to stop operating in the first half of 2015, the company said.

  • *Apple attracts heavy trading following stock split. *International Game Technology shares fly after Reuters report. NEW YORK, June 9- The Dow and S&P 500 ended at record highs again on Monday as more deal news raised enthusiasm for stocks, though Wall Street's fear gauge advanced.

  • *Apple sees heavy trading following stock split. NEW YORK, June 9- U.S. stocks were nearly flat on Monday after the Dow and S&P 500 hit intraday record highs again on more deal news, while Wall Street's fear gauge rebounded.

  • *Apple sees heavy trading following stock split. NEW YORK, June 9- U.S. stocks edged higher on Monday, pushing the Dow and S&P 500 to intraday record highs again after a series of deals, though Wall Street's fear gauge also bounced back. Merck& Co said it has agreed to buy Idenix Pharmaceuticals Inc in a deal valued at about $3.85 billion.

  • June 9- Tyson Foods Inc won the bidding war for Hillshire Brands Co with an all-cash offer that values the maker of Jimmy Dean sausages at $8.55 billion including debt and would be the biggest deal yet in the global meat business.

  • *Apple sees heavy trading following stock split. NEW YORK, June 9- U.S. stocks advanced on Monday, boosted by a number of major acquisition deals, though gains were slight with key indexes continuing to hover around records. While Wall Street's upward trend looks intact, traders may need new catalysts to bid the market up further lest the momentum runs out of steam.

  • June 8- Tyson Foods Inc prevailed over Pilgrim's Pride Corp in a bidding war between meat processors over Hillshire Brands Co, with an increased offer valuing the maker of Jimmy Dean sausages at $8.55 billion including debt. Pilgrim's Pride said it had withdrawn its offer.

  • *Apple may see heavy action following stock split. NEW YORK, June 9- U.S. stock index futures pointed to modest losses at the open on Monday, as a rash of corporate deals weren't enough reason for investors to keep buying following a rally that has taken major indexes to repeated record highs.

  • Early movers: TSN, AAPL, TIME, MRK & more Monday, 9 Jun 2014 | 7:54 AM ET
    Traders on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • June 9- Tyson Foods Inc said it reached a "unilaterally binding offer" to buy Hillshire Brands Co for $8.55 billion, including debt, beating out Pilgrim's Pride Corp for the maker of Jimmy Dean sausages.

  • US STOCKS-Futures flat with indexes at records Monday, 9 Jun 2014 | 7:14 AM ET

    *Apple may see heavy action following stock split. NEW YORK, June 9- U.S. stock index futures were little changed on Monday, as investors sought fresh incentives to keep buying following a rally that has taken major indexes to repeated record highs. While Wall Street's upward trend looks intact, traders may need new catalysts to maintain its momentum.

  • We have a winner! Tyson takes Hillshire Brands Monday, 9 Jun 2014 | 6:16 AM ET
    Tyson Food and Hillshire Brands food products

    Hillshire Brands is expected to declare Tyson the victor of a bidding war over itself, people briefed on the matter said on Sunday.

  • June 8- Tyson Foods Inc has prevailed over Pilgrim's Pride Corp in a bidding war for Jimmy Dean sausage maker Hillshire Brands Co, according to a person familiar with the matter. Pilgrim's Pride, which is majority owned by Brazilian meat processing company JBS S.A., had offered $55 per share for Hillshire which valued the company at $7.7 billion including debt.

  • June 8- Tyson Foods Inc has prevailed over Pilgrim's Pride Corp in a bidding war for Jimmy Dean sausage maker Hillshire Brands Co, according to a person familiar with the matter. Pilgrim's Pride, which is majority owned by Brazilian meat processing company JBS S.A., had offered $55 per share for Hillshire which valued the company at $7.7 billion including debt.

  • Cramer: This company a mountain of hidden value Friday, 6 Jun 2014 | 6:33 PM ET

    Although you may search the market far and wide for value, sometimes the best plays are right under your nose.