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 its presence in funeral and cemetery industry of North America, which is very much fragmented at the moment. Continue reading Major Movers on May 29; STEI, SFD, AEGR, TFM, WTSL
Tag: SFD
Chinese Meat Producer Shuanghui to Acquire Smithfield Foods (SFD)
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.
Continue reading Chinese Meat Producer Shuanghui to Acquire Smithfield Foods (SFD)
Major Movers on March 7; HOTT, SMTC, PETM, SFD, KR, CIEN, TWX
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.
Continue reading Major Movers on March 7; HOTT, SMTC, PETM, SFD, KR, CIEN, TWX
Smithfield’s Q3 Results Beat Street’s Estimates (SFD)
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.
Continue reading Smithfield’s Q3 Results Beat Street’s Estimates (SFD)
Smithfield’s Foods Net Profit Fall 91% Due to Charge (SFD)
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.
Continue reading Smithfield’s Foods Net Profit Fall 91% Due to Charge (SFD)
Smithfield Foods Reports Q1 Results (SFD)
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.