Scalper1 News
Meat processors have been flying high amid a recent merger mania, but most of the stocks are now extended. The winner in the Hillshire Brands (HSH) buyout fight is Tyson Foods (TSN), with a $63-a-share, or $7.7 billion, offer. That trumped chicken processor Pilgrim’s Pride’s (PPC) final offer of $55 a share. Rising meat prices have also helped lift Food-Meat Products to the top group in Tuesday’s IBD, up from No. 5 three weeks ago and No. 10 six Scalper1 News
Scalper1 News