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Tyson Foods to buy AdvancePierre for $3.2 bln
April 25, 2017 / 11:41 AM / 5 months ago

Tyson Foods to buy AdvancePierre for $3.2 bln

April 25 (Reuters) - Tyson Foods Inc, the No. 1 U.S. meat processor, said on Tuesday it would buy packaged sandwich supplier AdvancePierre Foods Holdings Inc for about $3.2 billion in cash.

Tyson’s offer of $40.25 per share is a 9.8 percent premium to AdvancePierre’s Monday close.

The deal, which has an enterprise value of about $4.2 billion, includes $1.1 billion of AdvancePierre debt. (Reporting by Anya George Tharakan in Bengaluru; Editing by Saumyadeb Chakrabarty)

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