Tyson Foods: acquires Keystone Foods
(CercleFinance.com) - Tyson Foods announces a definitive agreement to acquire Keystone Foods from Marfrig Global Foods for 2.
16 billion dollars in cash as part of its strategy to expand its value-added protein capabilities.
Based in West Chester, Pennsylvania, Keystone supplies poultry meat, beef, pork and fish products to some of the world's largest fast-food chains, as well as to shops and grocery stores, the group said.
Tyson Foods believes that the transaction is expected to have a positive impact on its adjusted EPS - excluding transaction costs - in the first year. Subject to the usual regulatory conditions and authorisations, it should be finalised by the middle of fiscal year2019.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
16 billion dollars in cash as part of its strategy to expand its value-added protein capabilities.
Based in West Chester, Pennsylvania, Keystone supplies poultry meat, beef, pork and fish products to some of the world's largest fast-food chains, as well as to shops and grocery stores, the group said.
Tyson Foods believes that the transaction is expected to have a positive impact on its adjusted EPS - excluding transaction costs - in the first year. Subject to the usual regulatory conditions and authorisations, it should be finalised by the middle of fiscal year2019.
Copyright (c) 2018 CercleFinance.com. All rights reserved.