Shares of Stewart Enterprises Inc. (NASDAQ: STEI) rallied 33% by afternoon trade after its bigger peer Service Corporation International (NYSE: SCI) announced on Wednesday that it has agreed to buy the smaller funeral services provider in deal valued at $1.4 billion. Service Corp said that the acquisition will enable the funeral service provider to increase [...]
Shares of Smithfield Foods Inc. (NYSE: SFD) skyrocketed on Wednesday after Chinese food processing company Shuanghui International also referred to as Shineway, said that it will acquire the world’s biggest pork producer in deal estimated at about $4.7 billion. The acquisition is by far the biggest ever done by a Chinese Company in the U.S. [...]
Shares of Hot Topic (NASDAQ: HOTT) skyrocketed 30% after the teen retailer said it has agreed to be taken private by private-equity firm Sycamore Partners in a deal estimated at $600 million in cash, which represents about30% premium over Wednesday’s closing price of the stock. [...]
World’s largest pork producer, Smithfield Foods Inc. (NYSE: SFD) reported on Thursday that fiscal third-quarter income rose 3% as bottom line was boosted by strong sale growth in its packaged foods business. [...]
Shares of America’s largest producer of pork , Smithfield’s Foods Inc. (NYSE: SFD) edged up on Thursday after the company , announced better-than-expected fiscal second quarter earnings, thanks to rising margins and strong growth in volume. [...]
Pork producer, Smithfield Foods Inc. (NYSE: SFD) reported on Tuesday that its fiscal first-quarter earnings fell by 25% as the company witnessed marked weakness in its fresh pork business while higher costs also weighed on margins. [...] |
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