IFLR1000

Tyson Foods $4.2 billion acquisition of AdvancePierre Foods

25/4/2017
Public acquisition
Select tab

$ 4.2 billion

Announced

25/4/2017

Overview:

  • Tyson Foods has acquired prepared food distributor AdvancePierre Foods in a $4.2 billion deal.
  • Among the sellers was asset management firm Oaktree Capital Management.
  • Morgan Stanley acted as financial adviser for Tyson and Credit Suisse Securities and Moelis & Co acted for AdvancePierre.
  • The transaction is expected to close in the third quarter of 2017.

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

United States

Industry sector:

Food and beverage

Firms:
Davis Polk & Wardwell

Party: Tyson Foods (Acquirer)

Lawyers: George Bason Jr, Marc O Williams

Gibson Dunn & Crutcher

Party: Moelis & Co (Financial adviser)

Lawyer: Jonathan Layne

Latham & Watkins

Party: Oaktree Capital Management (Seller)

Lawyer: Steven Stokdyk

Skadden Arps Slate Meagher & Flom

Party: AdvancePierre Foods (Target)

Lawyers: Andrew Garelick, Jeffrey Cohen

Related deals