Yesterday, our Jan Cottingham reported on Tyson Foods Inc.'s acquisition of Bosco's Pizza Co. of Warren, Mich.
Bosco's, which is not related to the River Market restaurant, makes stuffed breadsticks and frozen pizzas. It serves the food service sector and retail customers throughout the Midwest and some retailers nationwide. Tyson says the deal is perfect for its plan to expand its prepared foods offerings.
Terms of the deal weren't disclosed, but there's no way it comes close to the value of another purchase Reuters reports that the meat processor is considering.
That'd be a $2 billion-plus acquisition of Michael Foods Group Inc., a large distributor of egg and dairy products.
Citing three "people familiar with the matter," Reuters said last week that Tyson is exploring a possible deal with Michael Foods' current owner, a private equity unit belonging to Goldman Sachs Group Inc.
Reuters says Goldman "is in the early stages of finding a buyer," and that it sources cautioned that Tyson might "ultimately choose not to move forward with an offer." Tyson, Michael and Goldman would not comment for the story.
If it turns out to be true, the deal would be among Tyson Food's biggest, but not the biggest. That honor would still belong to the company's 2001 merger with IBP Inc., which weighed in at about $3.2 billion.
- FCC Approves Sinclair's $1B Deal to Buy Allbritton TV Stations, Including KATV
- Southern Gourmasian to Open Restaurant in Downtown Little Rock
- Jerry Barakat Opening Japanese Restaurant in Hillcrest
- Brandon Barber Should Serve About 20 Years, Feds Say 3 days ago
- Arkansas Business' 25 Wealthiest Arkansans (25th Anniversary) 5 years ago
- Tyson Foods Closing 3 Plants in Iowa, NY, NM 7 hours ago
- Wal-Mart Used Technology to Become Supply Chain Leader 2 years ago
- NLR Sports Memorabilia Dealer John Rogers Sued for Missed Payment 7 days ago