Davis Polk Advises Tyson Foods on Its Acquisition of Keystone Foods
Davis Polk is advising Tyson Foods, Inc. on its $2.16 billion acquisition of the Keystone Foods business from Marfrig Global Foods. The transaction, which is expected to close in mid-fiscal 2019, is subject to customary closing conditions, including regulatory approvals.
Tyson Foods is one of the world’s largest food companies and a recognized leader in protein. Headquartered in West Chester, Pennsylvania, Keystone supplies chicken, beef, fish and pork to some of the world’s leading quick-service restaurant chains, as well as retail and convenience store channels.
The Davis Polk corporate team includes partners George R. Bason Jr. and Marc O. Williams and associate Robert F. Smith. Partner Edmond T. FitzGerald is providing executive compensation advice. Partner William A. Curran is providing tax advice. Counsel Betty Moy Huber is providing environmental advice. Partner Frank J. Azzopardi is providing intellectual property and technology advice. Partner Joseph P. Hadley is providing credit advice. Partners Richard D. Truesdell Jr. and Derek Dostal are providing capital markets advice. All members of the Davis Polk team are based in the New York office.