{"id":29856,"date":"2014-08-29T08:09:46","date_gmt":"2014-08-29T12:09:46","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=29856"},"modified":"2014-08-29T08:09:46","modified_gmt":"2014-08-29T12:09:46","slug":"hillshire-brands-co-nysehshs-ceo-sean-connolly-now-an-official-member-of-tyson-foods-inc-nysetsn-to-depart-after-transition-period","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/hillshire-brands-co-nysehshs-ceo-sean-connolly-now-an-official-member-of-tyson-foods-inc-nysetsn-to-depart-after-transition-period-29856","title":{"rendered":"Hillshire Brands Co (NYSE:HSH)\u2019s CEO, Sean Connolly, Now An Official Member Of Tyson Foods, Inc. (NYSE:TSN), To Depart After Transition Period"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 08\/29\/2014 (wallstreetpr) \u2013 As per the report in <a href=\"http:\/\/money.cnn.com\/news\/newsfeeds\/articles\/globenewswire\/10096515.htm\" target=\"_blank\">CNN Money<\/a>, <strong>Tyson Foods, Inc. (NYSE:TSN)<\/strong> successfully completed the amalgamation with the <strong>Hillshire Brands Co (NYSE:HSH).<\/strong> In fact, the transaction placed Tyson in a leading position in the prepared foods industry.<\/p>\n<p style=\"text-align: justify;\"><strong>CEO to leave after transition period<\/strong><\/p>\n<p style=\"text-align: justify;\">Also, as per the news published in <a href=\"http:\/\/www.chicagotribune.com\/business\/breaking\/chi-hillshire-brands-tyson-takeover-20140828-story.html\" target=\"_blank\">Chicago Tribune<\/a>, the CEO of Hillshire officially becomes a member of Tyson Foods, Inc. (NYSE:TSN). According to Springdale, Arkansas-headquartered Tyson, while some of the executives of Hillshire decided to continue with it, the CEO and President, Sean Connolly, has planned to depart following a period of transition.<\/p>\n<p style=\"text-align: justify;\">Also, the Hillshire shares would perhaps be de-listed and bring its trading to a halt prior to the opening of the market.<\/p>\n<p style=\"text-align: justify;\"><strong>Bidding war winner<\/strong><\/p>\n<p style=\"text-align: justify;\">The fusion of the two leading companies occurred trailing the success of\u00a0Tyson Foods, Inc. (NYSE:TSN) in a bidding war to acquire Hillshire Brands Co (NYSE:HSH), back in June. The official takeover process started in July after relinquishing a breakup fee of $163 million to <strong>Pinnacle Foods Inc (NYSE:PF)<\/strong>. Hillshire revealed its plans to buyback Pinnacle Foods, in May.<\/p>\n<p style=\"text-align: justify;\"><strong>Tender offer<\/strong><\/p>\n<p style=\"text-align: justify;\">On August 28, The\u00a0Hillshire Brands Co (NYSE:HSH) and\u00a0Tyson Foods, Inc. (NYSE:TSN) unveiled the successful conclusion of Tyson&#8217;s tender offer to buy all the outstanding shares of the Hillshire\u2019s ordinary stock in return of $63.00 a share, exclusive of interest.<\/p>\n<p style=\"text-align: justify;\"><strong>CEO of Tyson praises the acquisition<\/strong><\/p>\n<p style=\"text-align: justify;\">The CEO of one of the leading processor and marketers of beef, pork and chicken, Donnie Smith praised the deal as instrumental to moving\u00a0Tyson Foods, Inc. (NYSE:TSN) to higher-margin branded and prepared foods more expeditiously, than it could have achieved on its own.<\/p>\n<p style=\"text-align: justify;\"><strong>Ex-dividend trading<\/strong><\/p>\n<p style=\"text-align: justify;\">Also, going by the report published in <a href=\"http:\/\/www.nasdaq.com\/article\/hillshire-brands-company-hsh-ex-dividend-date-scheduled-for-august-29-2014-cm384930\" target=\"_blank\">NASDAQ<\/a>, the leader in branded, convenient foods,\u00a0Hillshire Brands Co (NYSE:HSH) is scheduled to initiate trading ex-dividend on August 29, 2014. The company is supposed to make a cash-dividend payment of $0.175 a share, and it is scheduled to be payable on October 7, 2014. The company&#8217;s shareholders who bought the stocks before the ex-dividend rate are entitled to be paid the cash-dividend. It would be the 5th quarter for\u00a0Hillshire Brands Co (NYSE:HSH) making the same dividend-payment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 08\/29\/2014 (wallstreetpr) \u2013 As per the report in CNN Money, Tyson Foods, Inc. (NYSE:TSN) successfully completed the amalgamation with the Hillshire Brands Co [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":22114,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[8506,6322,6323,6551,1128,6550,1625],"stock_ticker":[],"class_list":["post-29856","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-donnie-smith","tag-hillshire-brands-co-nysehsh","tag-nysehsh","tag-nysepf","tag-nysetsn","tag-pinnacle-foods-inc-nysepf","tag-tyson-foods-inc-nysetsn","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Hillshire Brands Co (NYSE:HSH)\u2019s CEO, Sean Connolly, Now An Official Member Of Tyson Foods, Inc. (NYSE:TSN), To Depart After Transition Period - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/hillshire-brands-co-nysehshs-ceo-sean-connolly-now-an-official-member-of-tyson-foods-inc-nysetsn-to-depart-after-transition-period-29856\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hillshire Brands Co (NYSE:HSH)\u2019s CEO, Sean Connolly, Now An Official Member Of Tyson Foods, Inc. (NYSE:TSN), To Depart After Transition Period - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Boston, MA 08\/29\/2014 (wallstreetpr) \u2013 As per the report in CNN Money, Tyson Foods, Inc. 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