Pilgrim’s Pride Corp PPC.O offered to buy Hillshire Brands Co (NYSE:HSH), 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. Hillshire Brands Co (NYSE:HSH), net profit margin is 5.70% and weekly performance is 54.28%. On last trading day company shares ended up $45.19. Analysts mean target price for the company is $39.83. Hillshire Brands Co (NYSE:HSH), distance from 50-day simple moving average (SMA50) is 24.32%.
Pilgrim’s Pride Corporation (PPC) (“Pilgrim’s”) on May 27 announced that it has made a proposal to acquire The Hillshire Brands Company (“Hillshire”) (HSH) for $45.00 per share in cash, in a transaction valued at $6.4 billion. Pilgrim’s all-cash proposal provides Hillshire shareholders with a substantially superior alternative to Hillshire’s pending acquisition of Pinnacle Foods Inc (NYSE:PF), representing a 25% premium to the volume weighted average price of Hillshire shares over the 10 trading days following the announcement of the Pinnacle transaction. Pinnacle Foods Inc (NYSE:PF), fell 5.38% in last trading session and ended the day on $31.48. PF, Gross Margin is 26.70% and its return on assets is 2.20%. Pinnacle Foods Inc (NYSE:PF), quarterly performance is 13.61%.
Hillshire Brands Co.’s (HSH) deal to acquire Pinnacle Foods Inc. (PF) received a massive blow after Pilgrim’s Pride Corporation (NASDAQ:PPC), announced an unsolicited bid to buy out Hillshire for around $5.6 billion. Pilgrim’s Pride Corporation (NASDAQ:PPC), shares moved up 1.67% in last trading session and was closed at $25.52, while trading in range of $25.31 – 26.87. Pilgrim’s Pride Corporation (NASDAQ:PPC), year to date (YTD) performance is 57.05%.
On May 15, 2014, China XD Plastics Co Ltd (NASDAQ:CXDC), reported its first quarter 2014 (1Q2014) results with net income of $22 million with revenue of $223.6 million and gross profit of $46.6 million. Revenues were up by 30.8% to $223.6 million (1Q2013: $171.0 million), due to increase in sales volume (+12.8%) and increase in average RMB selling price (+14.0%) as a result of growing demand for automotive polymer composite materials by automotive customers. Total volume of products shipped during the quarter was 68,945 metric tons, up by ~13% compared to 1Q2013. China XD Plastics Co Ltd (NASDAQ:CXDC), ended the last trading day at $11.07. Company weekly volatility is calculated as 6.76% and price to cash ratio as 1.09. China XD Plastics Co Ltd (NASDAQ:CXDC), showed a positive weekly performance of 23.83%.
On May 13, 2014, Lydall, Inc. (NYSE:LDL), reported positive growth in the first quarter ended March 31, 2014. Lydall’s net sales grew by 26.5% to $125.2 million compared to $99.0 million a year’s ego. Lydall, Inc. (NYSE:LDL), net profit margin is 4.30% and weekly performance is 8.18%. On last trading day company shares ended up $28.17. Analysts mean target price for the company is $32.00. Lydall, Inc. (NYSE:LDL), distance from 50-day simple moving average (SMA50) is 18.83%.
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