Home Breaking News Tyson Foods to acquire AdvancePierre Foods Holdings for $4.2 bln

Tyson Foods to acquire AdvancePierre Foods Holdings for $4.2 bln

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Tyson Foods Inc.












TSN, +0.38%










said early Tuesday that it has agreed to acquire AdvancePierre Foods Holdings Inc.












APFH, +6.07%










in a deal valued at $4.2 billion, including $3.2 billion in equity value and $1.1 billion in assumption of AdvancePierre debt. Tyson’s offer is $40.25 per share for AdvancePierre’s outstanding shares, above the $36.67 value of AdvancePierre shares as of Monday’s close. AdvancePierre stock rose 9.1% in premarket trade Tuesday after the news. The deal is expected to close in the third quarter. Tyson shares have surged 4.4% over the last three months, and AdvancePierre shares have surged 33.2%, compared with a 3.3% rise in the S&P 500












SPX, +1.08%











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