July 28 Tyson Foods Inc, the biggest
U.S. meat processor, said it would sell its Mexican and
Brazilian poultry businesses to Pilgrims Pride Corp
parent JBS SA for $575 million.
Tyson, which also reported a 10.9 percent rise in quarterly
sales, said it would use the sale proceeds to pay down debt
associated with its $7.7 billion acquisition of Hillshire Brands
Net income attributable to Tyson rose 4.4 percent to $260
million, or 73 cents per share, in the third quarter ended June
28, from $249 million, or 68 cents per share, a year earlier.
Revenue rose to $9.68 billion from $8.73 billion.
(Reporting by Lisa Baertlein in Los Angeles and Shailaja Sharma
in Bangalore; Editing by Maju Samuel)