Tyson to sell Mexico, Brazil poultry businesses to JBS

http://www.reuters.com/article/2014/07/29/us-tyson-foods-results-idUSKBN0FX0UR20140729


Tyson Foods Inc (TSN.N) said on Monday it would sell its Mexican and Brazilian poultry businesses to JBS SA (JBSS3.SA) for $575 million and use the proceeds to pay down debt from its pending $7.7 billion purchase of Hillshire Brands Co. (HSH.N)
Tyson, the world's second-biggest meat processor behind Brazil's JBS, also reported a 4.4 percent increase in third-quarter profit and forecast sales for the fiscal year ending September 2015 above Wall Street analysts' estimate.
Shares in Tyson were up 2.7 percent in midday trading.