Jimmy Dean parent Tyson Foods has held talks to buy Foster Farms for $2 billion

Jimmy Dean parent Tyson Foods has held talks to buy Foster Farms for $2 billion

Meat processor Tyson Foods has held talks to buy privately-owned California-based Foster Farms for roughly $2 billion, people familiar with the situation tell CNBC. The two have had disagreements over price, and it is possible the talks could fall apart. If a deal is consummated, it is still at least several weeks away. Meat processor Tyson Foods has held talks about buying privately owned California-based Foster Farms for roughly $2 billion, people familiar with the…

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Tyson to sell Sara Lee and three other non-protein brands

Tyson to sell Sara Lee and three other non-protein brands

Tyson Foods, the No. 1 U.S. meat processor, said on Friday it would sell Sara Lee Frozen Bakery and three other non-protein brands to private-equity firm Kohlberg & Co., as the company sharpens its focus on its core business. Tyson did not disclose the financial terms of the deal, which includes the sale of Chef Pierre, Bistro Collection and its breakfast brand Van’s. “We’re focused on expanding Tyson Foods’ leadership position in protein,” Sally Grimes,…

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