On Tuesday, Shares of Pilgrim’s Pride Corporation (NASDAQ:PPC), gained 1.18% to $23.17.
Pilgrim’s Pride Corporation, declared the Mexican Federal Economic Competition Commission has cleared the projected acquisition of Tyson Foods, Inc’s Mexican operations. This satisfies the final regulatory approval required for closing by the Commission, and the Company will now work with Tyson to complete the deal as soon as possible.
“We are excited to welcome members of Tyson de Mexico to the Pilgrim’s family,” said Bill Lovette, Chief Executive Officer of Pilgrim’s. “Beyond growth, this transaction will also provide Pilgrim’s with geographic diversity in Mexico through the addition of new facilities in the northern part of the country to complement our existing facilities, enhance our portfolio through more value added and branded products counting the Del Dia brand, and enhance our total Mexico sales. Mexico is a key piece of our strategy and we view the country as a proxy of other developing economies’ future demand for higher protein consumption.”
Pilgrim’s Pride Corporation engages in the production, processing, marketing, and distribution of fresh, frozen, and value-added chicken products to retailers, distributors, and foodservice operators in the United States, Mexico, and Puerto Rico.
Shares of Omnicare, Inc. (NYSE:OCR), inclined 0.73% to $95.35, during its last trading session.
Omnicare, will release its financial results for the second quarter of fiscal 2015 before the market opens on Friday, July 24, 2015.
Omnicare, Inc. operates as a healthcare services company that specializes in the administration of pharmaceutical care in the United States. The company’s Long-Term Care Group segment offers pharmaceuticals, and related pharmacy and ancillary services to long-term care facilities; and chronic care facilities and other settings.
At the end of Tuesday’s trade, Shares of Millennial Media, Inc. (NYSE:MM), gained 0.53% to $1.90.
Millennial Media, declared that it has made employment inducement equity awards to 6 employees. The inducement awards cover an aggregate of 85,000 shares of Millennial Media common stock in the form of 45,000 options to purchase shares of Millennial Media common stock and 40,000 restricted stock units of Millennial Media common stock, and are being made as a material inducement to employees entering into employment with Millennial Media in connection with the acquisition transaction.
The new stock options will vest over a period of four years, with 25% of the option vesting after one year and the remainder vesting in equal monthly installments for 36 months thereafter, subject to the grantee’s continued employment with Millennial Media on the applicable vesting date. The new restricted stock units will vest over a period of four years, with 25% of the restricted stock units vesting after one year, and the remainder vesting in equal quarterly installments thereafter, subject to the grantee’s continued employment with Millennial Media on the applicable vesting date. The awards are subject to the terms of the Millennial Media Inc. 2014 Equity Inducement Plan and the individual award agreements.
Millennial Media, Inc. provides mobile advertising solutions to advertisers and developers in the United States and internationally. It offers advertisers the opportunity to reach and engage with their targeted audiences across mobile devices and screens; solutions that enables advertisers to gain insights into the performance of their ad campaigns and to manage their campaigns; and cross-screen device map that allows to associate a single user with multiple online and mobile devices.
Finally, Manulife Financial Corporation (USA) (NYSE:MFC), ended its last trade with -0.38% loss, and closed at $18.28.
John Hancock Insurance, declared that the John Hancock Vitality solution, a new approach to life insurance that rewards people for healthy living, is now accessible on its indexed universal life (IUL) products, Protection IUL and Accumulation IUL. John Hancock had initially launched the Vitality solution on its Protection UL and term insurance products in April 2015.
With the John Hancock Vitality solution, policyholders have the opportunity to save on their annual premiums and earn valuable rewards simply by taking steps to improve their health. Now, for the first time, the Vitality solution is accessible on a product optimized for cash value growth potential, Accumulation IUL, further enhancing retirement income.
John Hancock Financial is a division of Manulife, a leading Canada-based financial services group with principal operations in Asia, Canada and the United States.
Manulife Financial Corporation, together with its auxiliaries, provides financial protection and wealth administration products and services to individual, corporate, and business customers primarily in Asia, Canada, and the United States.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
