Pilgrim's Pride Reports Acquisition Approval Of Tyson De Mexico - Quick Facts

(RTTNews) - Pilgrim's Pride Corp. (PPC) Monday said the Mexican Federal Economic Competition Commission has cleared the proposed acquisition of Tyson Foods, Inc's Mexican operations.

This satisfies the final regulatory approval required for closing by the Commission, and the company will now work with Tyson to complete the deal as soon as possible.

Tyson de México has an estimated annual revenue of $650 million and the acquisition was valued at $400 million. Following completion of the deal, the company will continue to supply Tyson through a co-packaging arrangement.