Why Tyson Foods pulled its Beyond Meat investment [Yahoo! Finance News]
Tyson Foods, Inc. (TSN)
Last tyson foods, inc. earnings: 2/6 07:30 am
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Source: Yahoo! Finance News
Plant-based meat is all the rage, and protein-giant Tyson Foods plans to fully compete in the space. After investing in alternative meat maker Beyond Meat, Tyson exited its 6.5% investment in late April 2019 ahead of Beyond Meat’s initial public offering. “We have all the resources available to us from a culinary standpoint, R&D standpoint, manufacturing, distribution,” Tyson Foods CEO Noel White told at the World Economic Forum in Davos, Switzerland [Watch ’s free live coverage of the 50th annual World Economic Forum] The largest meat producer in the U.S. introduced its own line of plant-based products in its new Raised & Rooted brand Beyond Meat and Impossible Foods are some of the more high-profile plant-based protein makers as of late, but larger and more legacy food producers like Tyson Foods and Nestlé have also jumped on the bandwagon. Some analysts argue that companies like Tyson Foods and Nestlé have an upper hand because of their deeper pockets, established supply chains an
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TSN
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- 2/5/24 - Beat
TSN
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- 3/1/24 - Form 8-K
- 3/1/24 - Form 424B5
- TSN's page on the SEC website