tyson foods inc-cl a (TSN) Key Developments
JBS , Charoen Pokphand Group, Tyson, Cargill and Smithfield Foods In Talks To Buy Tegel Foods
Sep 14 15
US-based food processing companies Tyson Foods, Inc.(NYSE:TSN), Cargill, Incorporated and Smithfield Foods Group Ltd. are the latest to emerge as potential suitors for Tegel Foods Ltd. It is understood that advisers have fielded approaches from all three parties, which join Brazil’s JBS S.A. (BOVESPA:JBSS3); and Thailand's Charoen Pokphand Group Co. Ltd. as potential acquirers of Tegel Foods.
Tyson Foods Seeks Acquisitions
Sep 9 15
Tyson Foods, Inc. (NYSE:TSN) is looking for acquisition opportunities. Tyson Foods priorities for cash include growing the business via organic growth and capital projects, strategic acquisitions, and returning cash to shareholders via repurchases and dividends.
Tyson Foods, Inc. Presents at Barclays 2015 Global Consumer Staples Conference, Sep-09-2015 09:45 AM
Aug 27 15
Tyson Foods, Inc. Presents at Barclays 2015 Global Consumer Staples Conference, Sep-09-2015 09:45 AM. Venue: InterContinental Boston, Boston, Massachusetts, United States. Speakers: Dennis Leatherby, Chief Financial Officer and Executive Vice President, Thomas P. Hayes, Chief Commercial Officer and President of Food Service.
Federal Appeals Court Rules in Favor of Tyson Foods in a Lawsuit Filed by Nebraska Workers
Aug 26 15
Tyson Foods doesn't have to pay workers at two of its Nebraska plants for the time they spend putting on and taking off safety gear and preparing for work, a federal appeals court ruled on August 26, 2015. The 8th Circuit U.S. Court of Appeals said lawsuits filed by workers at its plants in Dakota City and Madison failed to show that Tyson had agreed to pay them for that time. The decision eliminates two lower-court decisions that ordered Tyson to pay more than $20 million to the workers and their lawyers. The Nebraska workers filed the lawsuits in 2008, saying they should be paid for the roughly 30 minutes it takes to do pre- and post-production chores, such as putting on uniforms and safety gear, sanitizing equipment, sharpening knives and other duties. At that time, Tyson paid workers for their time on the assembly line plus four minutes for all such chores, but that's since been increased to up to 20 minutes a day. The federal court also found technical problems with the workers' claims, saying the lawsuit was flawed because it was filed under state law instead of federal labor laws and the plaintiffs failed to file formal statements agreeing to be part of a class-action lawsuit. The 8th Circuit had upheld a ruling ordering Tyson to pay $5.8 million to workers who filed a class-action lawsuit. But the Springdale, Arkansas-based company is challenging whether workers should have been allowed to use statistics to determine damages for an entire class-action lawsuit based on the average amount of time that a sample of workers spent putting on and taking off their safety gear. Similar lawsuits have been filed against other meatpacking companies in Nebraska with mixed results.
Tyson Foods, Inc. Announces Quarterly Cash Dividend, Payable on December 15, 2015
Aug 4 15
Tyson Foods, Inc. at a meeting on July 30, 2015, declared the quarterly dividend of $0.10 per share on Class A common stock and $0.09 per share on Class B common stock, payable on December 15, 2015, to shareholders of record at the close of business on December 1, 2015.