Hillshire Brands Soars Midday as Tyson Enters Acquisition Battle

Hillshire Brands Soars Midday as Tyson Enters Acquisition Battle

Hillshire Brands Co (NYSE:HSH), Popeyes Louisiana Kitchen Inc (NASDAQ:PLKI) and Towerstream Corporation (NASDAQ:TWER) are the top midday gainers of the day. On the losing end are dELiA*s, Inc. (NASDAQ:DLIA), Fabrinet (NYSE:FN) and Santander Consumer USA Holdings Inc (NYSE:SC).

Hillshire Brands Surges After Tyson Foods Makes Bid

The share price of Hillshire Brands Co (NYSE:HSH) jumped +16.64% today after Tyson Foods made a $6.8 billion offer for the company – just two days after Pilgrim’s Pride made a $5.5 billion bid. Billionaire George Soros holds 454,000 HSH shares.

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Warren BuffettIn his 2014 letter preview, Buffett states that, far from being a weak choice, indexing can often achieve investor's goals far more easily than complicated picking strategies. This is a special guest post by Robert R. Johnson, Ph.D., CFA, CAIA. He is a full professor of finance at the Heider College of Business at Creighton Read More

Following Hillshire is Popeyes Louisiana Kitchen Inc (NASDAQ:PLKI), its price jumping +12.92% early in the day after reporting a 10.90% earnings increment. The company has a market cap value of $1.03 billion, and its shares are trading at nearly a 52-week high. Richard Chilton owns a small stake in the company.

Last up on our midday gainers list is Towerstream Corporation (NASDAQ:TWER), which surged +11.02%. The wireless broadband company has reached an agreement with Alcatel-Lucent for small cell services. George Soros initiated a position in Towerstream in June 2013 and now owns more than 430,000 shares.

dELiA*s Stumbles Following CFO Resignation

Topping off our midday losers list is dELiA*s, Inc. (NASDAQ:DLIA). Its share price fell -10.29% today after the Chief Financial Officer David Dick announced his resignation. He will remain with the company until August 1, 2014. Tiger Management owns 3.4 million shares of the retailer – less than 1% of its entire portfolio.

The share price of Fabrinet (NYSE:FN) slipped -5.47% midday today. Fabrinet, which offers outsourced process engineering and manufacturing services, is a George Soros pick. The billionaire own 13,000 shares of the company, acquired at an average price of $18.77 each.

Rounding out today’s list of midday losers is Santander Consumer USA Holdings Inc (NYSE:SC), as its price fell -4.75%. According to his latest 13F filing, Jorge Lemann picked up a position in the auto finance company.

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