Tyson Foods Inc (TSN.N)
BRIEF-Tyson Foods announces compensation program at 2 poultry plants involving increasing base wages
* Tyson foods - pilot compensation program at 2 poultry plants that involves increasing base wages, shortening time it takes new workers to move to higher wage rates Source text for Eikon: Further company coverage:
CHICAGO, April 26 Tyson Foods Inc, the biggest U.S. chicken company, said on Wednesday it may raise wages again for workers at all of its poultry plants, a sign of an intensifying battle for employees in a tightening labor market.
(The following statement was released by the rating agency) CHICAGO, April 25 (Fitch) Fitch Ratings has affirmed the 'BBB/F2' ratings of Tyson Foods, Inc. (Tyson: NYSE: TSN) following the company's announcement that it has entered into a definitive agreement to acquire AdvancePierre Foods Holdings, Inc. (AdvancePierre; NYSE: APFH). The Rating Outlook is Stable. The $4.2 billion acquisition, which represents 14x APFH's $300 million of EBITDA and 2.6x its $1.6 billion of yearly sales, will be debt
April 25 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:
NEW YORK (Reuters Breakingviews) - Tyson Foods has found a delectable new bite to swallow in its quest to become America’s premier protein provider from the farmyard to the kitchen table. Its $3.2 billion purchase of ready-to-eat sandwich maker AdvancePierre takes the Springdale, Arkansas-based poultry company further up the food value chain. Along with plans to carve off some less wholesome morsels, Tyson is giving investors plenty to cluck about.
NEW YORK Traders took a big bite out of AdvancePierre Foods Holdings' near-term bullish options just days ahead of Tuesday's announcement by Tyson Foods that it would buy the packaged sandwich supplier for $3.2 billion.
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, to expand its fast-growing portfolio of prepared food brands. | Video
* Transaction expected to close in Tyson's third-qtr (Adds details, updates shares)
April 25 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 Foods explores the sale of three non-protein businesses as part of corporate strategy
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