Tyson Completes Acquisition of AdvancePierre

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Tyson Foods, Inc. (NYSE: TSN) announced on June 8, 2017, that the company had completed the acquisition of AdvancePierre Foods Holdings, Inc. in a deal valued at approximately $4 billion in cash. Tyson purchased all outstanding common shares of AdvancePierre Foods for $40.25 per share in cash, without interest. The closing of the deal resulted in a wholly-owned subsidiary of Tyson Foods merging into AdvancePierre. This acquisition supports Tyson’s plan to sustainably feed the world with the largest portfolio of protein packed brands. Tom Hayes, CEO and President at Tyson, stated, “We expect the acquisition to immediately contribute to earnings and are also confident it will result in cost synergy benefits of $200 million within three years.” AdvancePierre will no longer be traded on the NYSE and is now a wholly owned subsidiary of Tyson Foods. Credit Suisse and Moelis & Co acted as financial advisers to AdvancePierre with Morgan Stanley as Tyson’s financial adviser. Gibson Dunn and Weil, Gotshal & Manges provided legal counsel to AdvancePierre and Tyson, respectively

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