UPDATE 1-Brazil's Marfrig expects to sell U.S. unit Keystone over the next few weeks [Reuters]
Tyson Foods, Inc. (TSN)
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Source: Reuters
Brazil's Marfrig expects to sell U.S. unit Keystone over the next few weeks | Reuters 2 Min Read SAO PAULO (Reuters) - 7Brazilian meatpacker Marfrig Global Foods SA expects to close the sale of its U.S. chicken processing unit Keystone Foods in the next few weeks, executives told journalists on Wednesday. Chief Financial Officer Eduardo Miron said company executives are discussing the deal in the United States this week. “We can close the deal any moment,” Miron said. Tyson Foods entered into exclusive talks to buy Keystone, a leading supplier of chicken nuggets to fast-food chain McDonald’s Corp in late July, Reuters reported, citing a source with knowledge of the matter. Miron declined to elaborate on the potential acquirer of the U.S unit. The company aims to have net debt under 2.5 times its earnings before interest, taxes, depreciation and amortization, a common gauge of operational profit known as EBITDA, by the end of the year, he said. Marfrig ended the first half with net deb
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