Tyson Foods completed acquisition
Tyson Foods completed a tender offer to buy all the outstanding shares of AdvancePierre Foods common stock without interest. The total value of the transaction was around 4.2 bn USD.
AdvancePierre is now a wholly owned subsidiary of Tyson Foods, and its shares will cease to be traded on the New York Stock Exchange. Tyson Foods President Tom Hayes said that integration teams just start to work and that Tyson will remain focused on maintaining high-quality customer service during the transition process.