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Tyson Foods, Inc. Announces Commencement of Tender Offer for Cash and Consent Solicitation for Any and All of Its Outstanding 10.50% Senior Notes due 2014


Tyson Foods, Inc. (NYSE: TSN) (the "Company") announced today that it has commenced a cash tender offer (the "Tender Offer") for any and all of its outstanding 10.50% Senior Notes due 2014 (the "Notes") and a solicitation of consents to certain proposed amendments to the indenture (the "Indenture") governing the Notes (the "Consent Solicitation"). The proposed amendments would eliminate substantially all of the restrictive covenants as well as various events of default and related provisions.

The Tender Offer and the Consent Solicitation are scheduled to expire at 11:59 p.m., New York City time, on June 12, 2012 unless extended or earlier terminated.

Holders who validly tender their Notes and deliver their consent to the proposed amendments to the Indenture before 11:59 p.m., New York City time, on June 12, 2012, will be eligible to receive $1,166.25 for each $1,000 principal amount of Notes. Holders may not tender their Notes pursuant to the Tender Offer without delivering consents or deliver consents without tendering their Notes.

Posted-In: News Financing Offerings


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