Tyson Foods Inc. decided it's going to take advantage of low market valuations and make some acquisitions. The company said it's going to use $1.5 billion in cash to acquire
poultry farms and processing plants in Brazil, China, India and the
U.S.
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Tyson did make an acquisition in India earlier this year when it acquired a 51% stake in Mumbia-based Godrej Foods Ltd. In early September, the company acquired two poultry plants in Brazil. It has yet to make an acquisition in China this year, and it wouldn't be a surprise if its next buyout will come from that market.
"You'll never see a chance to buy companies discounted so far," chairman John Tyson said. -
Demitri Diakantonis
