Hillshire Brands - "Filet"stück von Sara Lee - 500 Beiträge pro Seite

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frisch neu entstanden durch Teilung von Sara Lee in Fleischgeschäft (=Hillshire) und Kaffeegeschäft (D.E. Master Blenders):


THE HILLSHIRE BRANDS COMPANY COMMON STOCK BEGINS TRADING ON THE NEW YORK STOCK EXCHANGE UNDER TICKER "HSH"

Downers Grove, Ill., June 28, 2012 - The Hillshire Brands Company (NYSE: HSH), formerly Sara Lee Corporation, today completed the previously announced separation of its international coffee & tea business. The separation was effected as follows:

DOWNERS GROVE, Ill., June 29, 2012 - The Hillshire Brands Company (NYSE: HSH) announced that effective at the open of the market today, the company's common stock has begun quotation and trading under the symbol "HSH" on the New York Stock Exchange, operated by NYSE Euronext. Hillshire Brands manages several popular, market-leading consumer brands including Jimmy Dean, Hillshire Farm, Ball Park, Aidells, Gallo Salame and State Fair.

"Our goal is to be the most innovative meat-centric food company in the U.S.," said Sean Connolly, chief executive officer for Hillshire Brands. "We're focusing our ambition and entrepreneurial spirit to drive growth for our market-leading portfolio of iconic and artisanal brands. The Hillshire name was inspired by the Hillshire Farm brand, which Sara Lee acquired in 1971. Friedrich (Fritz) Bernegger founded Hillshire Farm in New London, Wis., and his entrepreneurial spirit lives on in the company to this day. On Tuesday, July 3, 2012, executives and guests of Hillshire Brands will visit the NYSE to ring The Opening Bell, marking today's launch of the company as an independent, pure-play, publicly traded business.

ABOUT THE HILLSHIRE BRANDS COMPANY
The Hillshire Brands Company (NYSE: HSH) is the nation's leader in meat-centric food solutions for the retail and foodservice markets. The company generates nearly $4 billion in annual sales and has approximately 8,500 employees. Hillshire Brands' portfolio includes iconic brands such as Jimmy Dean, Ball Park, Hillshire Farm, State Fair, Sara Lee frozen bakery and Chef Pierre pies, as well as artisanal brands Aidells and Gallo Salame. The company, formerly known as Sara Lee Corporation, began trading under the "HSH" ticker symbol on June 29, 2012, following the successful spinoff of its international coffee and tea business. For more information on the company, please visit www.hillshirebrands.com.

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http://seekingalpha.com/article/770451-assessing-the-relativ…

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dehistorize

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...und nu verkauft:



Hillshire deal would vault Tyson ahead in the company’s efforts to build a business in branded meat products

Tyson Foods, Inc. (NYSE:TSN) formally struck a deal on Wednesday to buy Hillshire Brands Co (NYSE:HSH) for $7.7 billion, capping a drawn-out bidding war.

As part of the deal, Hillshire Brands Co (NYSE:HSH)’s Jimmy Dean sausages, Ball Park hot dogs and other products would come under the ambit of Tyson Foods, Inc.


Tyson Foods’ conditional offer
In June, Tyson Foods, Inc. (NYSE:TSN) prevailed over Pilgrim’s Pride Corporation by offering to buy Hillshire Brands Co for $8.55 billion including debt. Earlier, poultry producer Pilgrim Pride offered to purchase Hillshire Brands Co for $45 per share in a $6.4 billion cash to acquire wider product diversification in the grocery area.

Earlier in May, it was reported that Pinnacle Foods Inc (NYSE:PF) was going to be acquired by Hillshire Brands Co in a $6.6 billion deal that included outstanding debt. Thus these developments turned Hillshire from hunter to hunted.

Consequent to conclusion of bidding process in June, Tyson Foods, Inc. (NYSE:TSN) made the conditional offer. The offer was to remain conditional on the Pinnacle deal being called off.



Tyson Foods’ 70% premium offer
Springdale, Ark-based Tyson Foods won the auction for Hillshire with its offer of $63 a share, representing a 70% premium to Hillshire Brands Co (NYSE:HSH)’s valuation before the bidding process began.

According to Anna Prior of The Wall Street Journal, Tyson Foods ended up offering hundreds of millions of dollars more than necessary to beat the next-best offer due to the secretive nature of the auction process. Pilgrim’s Pride Corporation (NASDAQ:PPC) stuck with its bid of $55 a share, indicating Tyson Foods, Inc. (NYSE:TSN) could have secured Hillshire with an offer of about $57.50.

Hillshire’s Jimmy Dean brand dominates refrigerated breakfast sausage sales with nearly one-third of the market. The proposed deal would strengthen Tyson Foods financials as the packaged meat generally carry higher profit margins than the meat Tyson Foods sells to restaurants and food-service operations, which accounts for a substantial portion of the company’s sales.

Following Hillshire Brands Co (NYSE:HSH) officially cancelling its own $4.3 billion deal to buy Pinnacle Foods, the latest deal between Tyson and Hillshire was reached.

The proposed deal is expected to close by Sep 27. Tyson Foods, Inc. (NYSE:TSN) will pay Pinnacle a $163 million breakup fee on behalf of Hillshire.

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und jetzt gegen cash ausgebucht...

over-and-out