Posted 9/21/2001 11:01 am
Updated 1 year ago
The $2.9 billion deal will create the world's largest meat company with annual revenue of about $25.7 billion. The deal is still expected to close on Sept. 28.
Poultry giant Tyson had to delay plans to sell more than $2 billion of debt to help finance the merger when markets shut down last week after attacks destroyed the World Trade Center and damaged the Pentagon.
Shares of Tyson (NYSE: TSN) were trading at $8.32 on Friday after closing at $8.56 on Thursday.