Tyson Foods 3Q Profit Climbs 4.4 Percent, Will Sell Chicken Business in Brazil, Mexico

by Marty Cook  on Monday, Jul. 28, 2014 7:22 am  

Tyson Foods CEO Donnie Smith said that while its Brazilian and Mexican chicken business was a good one, it hasn't had "the necessary scale to gain leading share positions in these markets."

Tyson Foods Inc. of Springdale, reporting a record third-quarter profit and the sale of new stock and other equity, also said it is selling poultry operations in Brazil and Mexico in order to help pay for its acquisition of Hillshire Brands Co. of Chicago.

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