Public Companies Archive

Tyson Foods, Hillshire Complete $8.5B Merger

by Lance Turner 8/28/2014 04:13 pm

Tyson Foods Inc. of Springdale on Thursday said it had completed its $8.5 billion purchase of Hillshire Brands of Chicago, a day after the companies reached a proposed settlement with the U.S. Department of Justice over antitrust concerns.

Tyson Foods, Hillshire Settle With Justice Department Over $8.5B Merger

by Lance Turner 8/27/2014 01:56 pm

Tyson Foods Inc. of Springdale and Hillshire Brands Co. of Chicago say they have reached a settlement with the U.S. Department of Justice's Antitrust Division that, if approved, would allow the companies' $8.5 billion merger to proceed.

ADW Capital Takes 3 Percent Stake in USA Truck, Calls for CEO's Ouster

by Marty Cook 8/25/2014 06:22 pm

The managing member of ADW Capital Partners LP of New York City calls for a change in leadership and a selling off of divisions at USA Truck Inc. of Van Buren.

$50M Revitalization Plan Aims To Turn El Dorado into Cultural Mecca

by Michelle Corbet 8/25/2014 12:00 am

With a declining population and an unstable job market, the city of El Dorado is investing in quality of life in an effort to boost its economy.

Whittington To Receive $1.6 Million in Cash Upon Exit From Windstream

by Michelle Corbet 8/22/2014 04:59 pm

Brent Whittington, who this week submitted his resignation as chief operating officer of Windstream Holdings Corp., will leave with a severance package that includes $1.6 million in cash, the company revealed Friday.

This Week in Tyson: EPA Investigates; Hillshire Deal Delayed Again

by Lance Turner 8/21/2014 10:41 am

The Associated Press reports that the Environmental Protection Agency has started an investigation into Tyson Foods Inc. of Springdale. In other news, Tyson has again delayed its purchase of Hillshire Brands.

Car-Mart Net Revenue Up Slightly While Net Income Slips

by Marty Cook 8/20/2014 06:06 pm

The company said diluted earnings per share were 79 cents, the same as a year ago but more than the average analyst estimate of 62 cents.

Windstream Holdings COO Brent Whittington to Resign

by Arkansas Business Staff 8/19/2014 04:06 pm

Windstream Holdings Inc. of Little Rock said Tuesday that Brent Whittington, its chief operating officer, is resigning effective Sept. 1.

Last Chance to Nominate Candidates for Arkansas Business' 20 in Their 20s List

by Arkansas Business Staff 8/19/2014 11:42 am

Nominations are being accepted for the list of the state's most influential young professionals, "The New Influentials: 20 in Their 20s."

Windstream Spinoff Hits Dividend Even More Than You Think

by Michelle Corbet 8/18/2014 12:00 am

On July 29, Windstream Holdings Inc. sent shock waves through Wall Street when it announced it would spin off most of its physical assets — mostly copper wires and fiber-optic cables — into a separate, publicly traded real estate investment trust.

Public Company Board Service Can Mean Lots of Work and Risk

by Gwen Moritz 8/18/2014 12:00 am

This week we list all directors of 19 publicly traded companies headquartered in Arkansas and the compensation they received for service on the boards in the most recent fiscal year. It's work that's “a whole lot harder” than it used to be.

Dillard's 2Q Profit Down 5 Percent, Same-Store Sales Up 1 Percent

by Lance Turner 8/15/2014 07:40 am

Dillard's Inc. of Little Rock posted a 5 percent drop in second-quarter earnings, but same-store sales rose 1 percent. CEO William T. Dillard II says executives are "somewhat disappointed in the bottom line performance."

Bank of the Ozarks, Home BancShares Among Top Performing Banks

by Lee Hogan 8/13/2014 10:38 am

The second and third largest banks in Arkansas were recognized as some of the top performers in Bank Director magazine's 2014 Bank Performance Scorecard.

Tyson Foods Extends Hillshire Tender Offer As Feds Seek More Deal Details

by Lance Turner 8/13/2014 08:24 am

Tyson Foods Inc. of Springdale extends its tender offer for Hillshire Brands of Chicago as the U.S. Department of Justice seeks more details on the pair's $8.5 billion merger plan. Tyson Foods' original tender offer was set to expire on July 16. It has now been extended to Aug. 19.

Trucking Firms Raise Pay To Keep Moving

by Marty Cook 8/11/2014 12:00 am

Listen to any Arkansas trucking company executive — with the possible exception of unionized ABF Freight — and you will hear lamentations about driver shortages in the industry. Short of cultural change to repopularize the job, executives know they have to pay more to attract drivers and work harder to keep them. The trend doesn't look like it is going to get any better anytime soon.

Simmons First Expects More Merger Expenses

by Arkansas Business Staff 8/11/2014 12:00 am

You may have missed this in Simmons First National Corp.'s second-quarter numbers, but it spent $2.6 million on merger-related costs for the quarter that ended June 30.

Whistleblower Case Alleges Fraud Against Wal-Mart

by Arkansas Business Staff 8/11/2014 12:00 am

A former executive of a personal care products company said she was canned for reporting an alleged fraud that her firm was committing against its biggest customer — Wal-Mart Stores Inc.

Arvest Bank Settles With 18 Dennis Smiley Creditors

by George Waldon 8/8/2014 07:58 am

Arvest Bank of Fayetteville has settled with 18 of 20 creditors who loaned money to one of its former executives, Dennis Smiley Jr. Only First State Bank of De Queen, where Smiley's namesake father is chairman, and Signature Bank of Arkansas in Fayetteville remain as possible claimants seeking money from Smiley's Arvest Bank Group stock purchase and stock option plans.

Update: Cliff Beckham to Resign From USA Truck

by Marty Cook 8/7/2014 01:36 pm

USA Truck Inc. of Van Buren says Clifton R. Beckham, the company's former CEO and now its executive vice president and CFO, will resign effective Sept. 30, part of a planned transition that began when Beckham helped hire the trucking firm's chief executive John Simone.

Murphy USA 2Q Income Up 4 Percent

by Michelle Corbet 8/7/2014 11:35 am

Murphy USA Inc. of El Dorado announces second-quarter income from continuing operations $73.2 million, or $1.57 per diluted share, up 4 percent from $70.3 million, or $1.50 per diluted share, in the same quarter last year.