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Slide #66. Tyson Foods, Inc. — Assets of Circle Foods, LLC
Acquirer:
Tyson Foods, Inc. (NYSE:TSN)
Acquiree:
Assets of Circle Foods, LLC
Details:
Tyson Foods, Inc. (NYSE:TSN) continues to accelerate the strategic expansion of its value-added foods portfolio with the acquisition of the assets of Circle Foods, LLC, a producer of frozen and refrigerated handheld Mexican foods, uncooked tortillas and Indian flatbreads, from Claridge, officials of both companies announced today.
Tyson Foods is a food company. Co.'s operations consist of breeding stock, contract farmers, feed production, processing, further-processing, marketing and transportation of chicken and related other products, including animal and pet food ingredients. Through its wholly-owned subsidiary, Cobb-Vantress, Inc., Co. is engaged as poultry breeding stock supplier. Co. also processes live fed cattle and hogs and fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, case-ready beef and pork and fully-cooked meats. Co. produces a range of fresh, frozen and refrigerated food products. Co.'s segments include: Beef, Pork, Chicken and Prepared Foods.
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Hold (2.22 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: TSN Stock Forecast Based on Zacks ABR data; powered by Xignite |