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Pilgrims Pride Corp

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  • *Hillshire jumps, Tyson's bid outshines Pilgrim's Pride's. "The headline figure was weaker than expected, but it was mainly due to slower inventory growth, which bodes well for future growth, future orders, new orders," said Jeffrey Saut, chief investment strategist at Raymond James Financial in St. Petersburg, Florida.

  • US STOCKS-S&P scales new peak as investors bet on growth Thursday, 29 May 2014 | 12:38 PM ET

    *Hillshire jumps, Tyson's bid outshines Pilgrim's Pride's. "Personal consumption was actually revised up, it was a big number and it held," said Phil Orlando, chief equity market strategist at Federated Investors in New York, referring to details in the gross domestic product data released earlier in the day.

  • Midday movers: Apple, Astrotech, Blackberry & More Thursday, 29 May 2014 | 12:20 PM ET
    A trader works on the floor of the New York Stock Exchange.

    Some of Thursday's midday movers:

  • May 29- Tyson Foods Inc has offered to buy Hillshire Brands Co for $6.8 billion, upstaging Pilgrim's Pride Corp's $6.4- billion bid and signaling a high-stakes food fight for the seller of Hillshire sausages and Jimmy Dean sausages.

  • UPDATE 2-Tyson tops Pilgrim's offer to buy Hillshire Thursday, 29 May 2014 | 11:14 AM ET

    May 29- Meat processor Tyson Foods Inc offered to buy Hillshire Brands Co for $6.13 billion, trumping a bid from Pilgrim's Pride Corp, as it looks to expand into the fast-growing market for branded breakfast foods. Tyson offered $50 per share for the maker of Ball Park hotdogs and Jimmy Dean Sausages, $5 more than Pilgrim's bid.

  • Meat fight! Tyson makes $6.8B bid for Hillshire Thursday, 29 May 2014 | 10:12 AM ET
    Packages of Sara Lee Corp. Hillshire Farm deli meat are displayed for sale in a supermarket in Princeton, Illinois.

    Tyson Foods on Thursday offered $50 a share in cash, or $6.8 billion, for Hillshire Brands.

  • *Hillshire shares jump as Tyson bids more than Pilgrim's Pride. NEW YORK, May 29- U.S. stocks rose at the open on Thursday on expectations of strong growth in the second quarter, even as data showed the world's largest economy contracted in the first quarter.

  • UPDATE 1-Tyson offers to buy Hillshire for $6.13 bln Thursday, 29 May 2014 | 9:16 AM ET

    May 29- Tyson Foods Inc, the largest U.S. meat processor, offered to buy Hillshire Brands Co for $6.13 billion to expand into the fast-growing market for breakfast foods. The offer comes two days after Pilgrim's Pride Corp offered to buy Hillshire in an all-cash deal valued at $6.4 billion to expand its protein footprint with Hillshire's sausages and lunch meats.

  • Tyson offers to buy Hillshire in $6.8 bln deal Thursday, 29 May 2014 | 8:45 AM ET

    May 29- Tyson Foods Inc, the largest U.S. meat processor, offered to buy Hillshire Brands Co in a deal valued at $6.8 billion to expand into the breakfast food category. Tyson said it would offer $50 per share, representing a premium of about 11 percent to Hillshire's closing on Wednesday.

  • NEW YORK, May 27- Hillshire Brands Co saw a spike in bullish options bets in the days prior to a Tuesday takeover offer from Pilgrim's Pride Corp, even as the company was in the midst of a big acquisition of its own that had hurt its share price.

  • Stocks finished broadly higher Tuesday, with the S&P 500 setting a new record, as investors cheered a batch of better-than-expected economic reports and merger activity.

  • *Hillshire Brands shares soar after Pilgrim's Pride bid. NEW YORK, May 27- U.S. stocks rose on Tuesday as the S&P 500 scored a second straight record close, buoyed by the latest round of merger activity and as expectations for rate cuts by the European Central Bank stoked investors' appetite for equities.

  • *Hillshire Brands shares soar after Pilgrim's Pride bid. NEW YORK, May 27- U.S. stocks advanced on Tuesday after the S&P 500 touched a record high, buoyed by the latest round of merger activity and as expectations for rate cuts at the European Central Bank stoked investors' appetite for equities.

  • May 27- Pilgrim's Pride Corp on Tuesday offered to buy Hillshire Brands Co in an all-cash deal valued at $6.4 billion, as the world's second-largest chicken processor seeks to expand its protein footprint with Hillshire's sausages and lunch meats.

  • Midday movers: Hillshire, BofA, AmEx & more Tuesday, 27 May 2014 | 12:25 PM ET

    Take a look at some of Tuesday's midday movers:

  • May 27- Poultry producer Pilgrim's Pride Corp said it offered to buy Hillshire Brands Co for $5.52 billion, a deal that could add pork and beef products such as Jimmy Dean sausages and Hillshire lunch meats to its portfolio.

  • *Hillshire Brands shares jump after Pilgrim's Pride bid. *Cisco shares up on Deutsche Bank upgrade, price target hike. NEW YORK, May 27- U.S. stocks rose on Tuesday with the S&P 500 hitting a fresh record high supported by merger activity and as expectations for rate cuts at the European Central Bank stoked bids for equities.

  • *Hillshire Brands shares jump after Pilgrim's Pride bid. *Cisco shares up on Deutsche Bank upgrade, price target hike. *Aeropostale jumps after it secures $150 mln credit facility.

  • Futures extend gains on upbeat economic data Tuesday, 27 May 2014 | 9:07 AM ET

    U.S. stock index futures added to gains Tuesday after the long holiday weekend as investors cheered a better-than-expected durable goods orders report.

  • May 27- Pilgrim's Pride Corp, the world's second largest chicken producer, said it offered to buy packaged food company Hillshire Brands Co in a $6.4 billion deal as it looks to add pork and beef products to its portfolio.