Navigate this market better. Subscribe for FREE stock alerts and information.

Tuesday, June 10, 2014

Takeover Digest-Wall Street Journal - June 10, (NYSE: TSN)

The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. * General Motors Co's directors and executives head to Tuesday's annual shareholder meeting under pressure to explain what they will do about admissions that employees mishandled a deadly safety defect, and what they estimate the total cost of that behavior will be. (r.reuters.com/ref99v)* Tyson Foods Inc won the auction for Hillshire Brands Co, but it ended up paying hundreds of millions of dollars more than necessary to beat the next-best offer. Tyson's price of $63 a share for the Chicago-based maker of Jimmy Dean sausages and other meat products, turned out to be far more than Tyson needed to pay to beat out Pilgrims Pride Corp's bid. (r.reuters.com/fef99v)

Tyson Foods, Inc. is a food production company. The Company produces, distributes and markets chicken, beef, pork, prepared foods and related allied products. Shares of TSN fell by 6.53% or $-2.62/share to $37.50. In the past year, the shares have traded as low as $24.74 and as high as $44.24. On average, 3886430 shares of TSN exchange hands on a given day and today's volume is recorded at 12264420.



Source