Tyson Foods Mulls Bid for Michael Foods, Report Says
Tyson Foods Inc. (TSN) is considering a bid for Michael Foods Group Inc., owned by the private equity unit of Goldman Sachs Group Inc. (GS), Reuters reported Thursday on its website, citing three people familiar with the matter.
A sale could fetch between $2 billion and $2.5 billion. Michael Foods has hired Goldman Sachs' investment banking unit and Bank of America Merrill Lynch to assist in the process.
Spokesmen for Tyson Foods and Michael Foods declined comment to Reuters and a spokesman for Goldman Sachs didn't immediately respond to a request for comment.
Full story at: www.reuters.com/article/2014/01/16/us-michaelfoods-tyson-idUSBREA0F17220140116
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(END) Dow Jones Newswires 01-16-141155ET Copyright (c) 2014 Dow Jones & Company, Inc.