tag:blogger.com,1999:blog-26981669.post2220955897031116499..comments2024-03-23T10:55:30.196-05:00Comments on Cold Fusion Guy: Hunger Games (Pilgrim's Pride + Hillshire Brands)Jim Peethttp://www.blogger.com/profile/07649414726939918803noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-26981669.post-32870057447864982992014-05-29T14:41:04.640-05:002014-05-29T14:41:04.640-05:00more on<a href="http://finance.yahoo.com/news/tyson-enters-meat-brawl-hillshire-145644653.html" rel="nofollow">more on</a>Jim Peethttps://www.blogger.com/profile/07649414726939918803noreply@blogger.comtag:blogger.com,1999:blog-26981669.post-64809799797504201152014-05-29T12:57:57.653-05:002014-05-29T12:57:57.653-05:00Now Tyson bidding on Hillshire:
Hillshire Brands ...Now Tyson <a href="http://finance.yahoo.com/blogs/breakout/blackberry-busting-out--costco-up-after-earnings--bidding-war-lifts-hillshire-160117893.html" rel="nofollow">bidding on Hillshire</a>:<br /><br /><i>Hillshire Brands (HSH) is popping again as an M&A meat tsunami is still gaining strength. Yesterday Pilgrim's Pride was taking a gander at the company, but now Tyson Food is jumping into the fray, upping the bid put out by Pilgrims by $5 to $50/share, or $6.8 Billion. Keep in mind that as of last weekend Hillshire was thinking of itself as the hunter, having put in a $4.6 billion bid for Pinnacle Foods. Now out of no where Hillshire is subject to a bidding war. It's awesome theater</i><br /><br />Personal connection: I bought 100 HSH last July at about $ 35 ... now at $ 52.Jim Peethttps://www.blogger.com/profile/07649414726939918803noreply@blogger.comtag:blogger.com,1999:blog-26981669.post-76519540019202979282014-05-28T11:15:25.596-05:002014-05-28T11:15:25.596-05:00Pinnacle will receive a breakup fee if Hillshire d...Pinnacle will receive a breakup fee if Hillshire deal fails. <br /><br /><a href="Even%20if%20Hillshire%20deal%20is%20dashed,%20Pinnacle%20Foods%20remains%20appetizing" rel="nofollow">Even if Hillshire deal is dashed, Pinnacle Foods remains appetizing</a>:<br /><br /><i>Pinnacle would collect a nice cash consolation prize, as its agreement with Hillshire explicitly included a higher breakup fee if the merger were dropped because Hillshire itself became takeover quarry. The $163 million breakup fee in this scenario is roughly equal to Pinnacle’s 2013 net income.</i>Jim Peethttps://www.blogger.com/profile/07649414726939918803noreply@blogger.com