Tyson foods to buy AdvancePierre for $3.2 billion

Tyson Foods paying $3.2 billion for sandwich maker AdvancePierre

NEW YORK (AP) — Tyson Foods will pay $3.2 billion to add packaged sandwich maker AdvancePierre to its stable of processed food brands.

Tyson will pay $40.25 per share, a 9.8 percent premium to AdvancePierre’s closing share price Monday.

Tyson Foods Inc. will also assume about $1.1 billion in debt from the Blue Ash, Ohio, company.

The deal is expected to close in the third quarter.

Tyson is shifting its portfolio to incorporate a heavier emphasis on proteins. On Monday, Tyson said that it might sell its Sara Lee frozen bakery business, its Kettle brand and Van’s.

Tyson, based in Springdale, Arkansas, owns the Jimmy Dean and Ball Park brands,

Copyright © 2024 Federal News Network. All rights reserved. This website is not intended for users located within the European Economic Area.

    Postmaster General Louis DeJoy

    Postmaster general is confident about ability to process mail-in ballots

    Read more
    Federal Communications Commission

    The US government wants to make it easier for you to click the ‘unsubscribe’ button

    Read more
    SEC, fraud cases, Supreme Court Trump Capitol Riot

    The Supreme Court strips the SEC of a critical enforcement tool in fraud cases

    Read more