Boston, MA 04/01/2014 (wallstreetpr) – Hormel Foods Corp (NYSE:HRL) is among the companies circling Ragu. The company is interested in the business which is currently owned by Unilever. The transaction for Ragu could hit the tune of $2 billion. By bidding for Ragu, Hormel will be seeking to extend its sauce lineup. The company last year paid $700 million to Unilever purchase Skippy. Ragu controls 27 percent of the U.S. sauce market. The bid for its acquisition is expected to get fierce as several companies position to take it up. Other contenders for the business are Pinnacle, Hillshire and JM Smucker. Taking over Ragu will be a big score for Hormel Foods Corp (NYSE:HRL) which recently declared dividend of $0.20 per share had has paid uninterrupted dividend since going public.
Conversant Inc (NASDAQ:CNVR) jumped on no apparent company-specific news Monday. The gain of almost 2 percent by closing bell can be seen as increasing confidence on the stock as speculations over takeover grow. Recently the company undertook a wave of website divestment to focus more on digital advertising. The company provides solutions to marketers who seek to personalize ads and to target users based on past Internet interaction on the Web or mobile platforms. It acquired SET Media Inc which is a video technology provider to strengthen its standing in video advertising market. Rumors have it that Conversant Inc (NASDAQ:CNVR) is being circled for possible takeover deal by Adobe Systems Incorporated (NASDAQ:ADBE) and online retailer Amazon.com Inc (NASDAQ:AMZN) among other companies.
Rush Enterprises, Inc. (NASDAQ:RUSHA) is engaged in retail sale of commercial vehicles and provider of related services. The company is witnessing upbeat analyst comments and its short-term stock price momentum is even compelling. In the previous session shares of the company jumped and managed to establish a new 52-week high. As slowdown capsizes in economies around the world, the company is looking up to increased sale of its various commercial vehicles. Thus, analysts estimate that good times are still ahead of Rush Enterprises, Inc. (NASDAQ:RUSHA) and investors are wise to keep a close tab.
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