date:May 27, 2014
chase was announced, partly on concern that it will increase the companys borrowing. After the deal closes, Hillshire will have five times more debt than earnings before interest, taxes, depreciation and amortization on a trailing 12-month basis. It also is suspending share repurchases, further irking shareholders.
Hillshire rose 2.2% to $37.02 at the close today in New York. The stock is up 4.3% over the past 12 months.
The transaction may have been a defense mechanism to prevent Hillshire fr