Neither LNC nor J-P had strong earnings growth in the past couple of years, the analysts observed.
In addition, we believe J-P has sought a suitor for some time, and nothing was forthcoming," they said.
Based on closing prices for both companies on the day of the announcement, LNC, Philadelphia, would pay a premium of about 9% for J-P, Greensboro, N.
Parola P, Cornet J-P
, Sanogo YO, Miller RS, Thien HV, Gonzalez JP, et al.
But according to J-P, there are still plenty of opportunities ( as long as we are producing the right beef for the right markets.
J-P said: "Exports will bring new and additional opportunities for professional beef farmers to add value.
7-2 D Coulthard, 20 R Barrichello, 25 J-P
Montoya, 40 R Schumacher, 50 J Villeneuve, 66