S&P and Moody's Downgrade Hormel Foods Following $1.05B Brakebush Deal

3-line summary

• S&P and Moody's downgraded Hormel Foods following its $1.05 billion Brakebush deal, according to an Investing.com report.
• This follows an earlier report that Hormel Foods would buy Brakebush in a deal valued at $1.06 billion.

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