Tyson Foods Makes $6.1 Billion Offer for Hillshire Brands; J.C. Penney Soars on Turnaround Comments


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NYSE:TSN / NYSE:JCP
05/30/2014 [ACCESSWIRE]

Tyson Foods, Inc. (NYSE: TSN) shares closed up 6.13% on Thursday with about 11 million shares traded. The company made a competing bid for Hillshire Brands Company. Tyson Foods Inc. has offered an all-cash deal of $6.1 billion, or $50 a share. This beats the offer from Pilgrim's Pride Corp. of $45 a share, or about $5.5 billion.

Tyson Foods, Inc., together with its subsidiaries, produces, distributes, and markets chicken, beef, pork, prepared foods, and related allied products worldwide. It operates in four segments: Chicken, Beef, Pork, and Prepared Foods. The company’s Chicken segment breeds and raises chickens; and processes live chickens into fresh, frozen, and value-added chicken products.

Get more information on Tyson Foods, Inc. and free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/TSN

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J. C. Penney Company, Inc. (NYSE: JCP) shares closed up 2.85% on nearly 14 million shares on Thursday. The company was featured favorably in a SeekingAlpha article about being a turnaround.

J . C. Penney Company, Inc., through its subsidiary, J. C. Penney Corporation, Inc., sells merchandise through department stores in the United States. The company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings, as well as provides various services, including styling salon, optical, portrait photography, and custom decorating. As of February 26, 2014, it operated 1,100 stores.

Get more information on J. C. Penney Company, Inc. and free access to the in depth equity report at” www.TrendingWallStreet.com/stockquote/JCP

 

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