Tyson to sell Poultry operations in Mexcio, Brazil

Posted on July 29, 2014 • Filed under: Agriculture, Brazil, Business, Mexico

(Reuters) – Tyson Foods Inc (TSN.N) said on Monday it would sell its Mexican and Brazilian poultry businesses to JBS SA (JBSS3.SA) for $575 million and use the proceeds to pay down debt from its pending $7.7 billion purchase of Hillshire Brands Co. (HSH.N) Tyson, the world’s second-biggest meat processor behind Brazil’s JBS, also reported a 4.4 percent increase in third-quarter profit and forecast sales for the fiscal year ending September 2015 above Wall Street analysts’ estimate. Read Article

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