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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Wed., Jul. 30, 5:15 PM

Slide #9. Tyson Foods, Inc. Secondary Offering

Company: Tyson Foods, Inc. (NYSE:TSN)
Date announced: 7/28/2014
Shares Offered: 24,000,000
Secondary Offering Details: Tyson Foods, Inc. (NYSE:TSN) announced today that it has commenced concurrent public offerings of 24,000,000 shares of its Class A common stock and 30,000,000 tangible equity units, with each tangible equity unit having a stated amount of $50 and comprised of a prepaid stock purchase contract and a senior amortizing note due July 15, 2017, each issued by the company. These offerings are separate public offerings made by means of separate prospectus supplements under Tyson Foods' effective shelf registration statement and are not contingent on each other or upon the consummation of the Hillshire Brands Acquisition discussed below.

Tyson Foods produces, distributes and markets chicken, beef, pork, prepared foods and related allied products. Co. has four segments: chicken, which includes breeding and raising chickens, as well as processing live chickens into chicken products and logistics operations; beef, which includes processing live fed cattle and fabricating dressed beef carcasses into primal and sub-primal meat cuts and case-ready products; pork, which includes processing live market hogs and fabricating pork carcasses into primal and sub-primal cuts and case-ready products; and prepared foods, which includes manufacturing and marketing frozen and refrigerated food products and logistics operations.
Open the TSN Page at The Online Investor »

Company Name:  Tyson Foods, Inc.
Sector:  Food & Beverage
Number of ETFs Holding TSN:  89
Total Market Value Held by ETFs:  $616.82M
Total Market Capitalization:  $11.29B
% of Market Cap. Held by ETFs:  5.46%

Open the TSN Page at The Online Investor (in a new window) »

July 30, 2014    5:15 PM Eastern
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Buy (3.25 out of 4)
59th percentile
(ranked higher than approx. 59% of all stocks covered)
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