Tyson Foods buys back $790M in debt
Wednesday - 6/13/2012, 3:08pm ET
SPRINGDALE, Ark. (AP) - Tyson Foods Inc. said Wednesday that it bought back $790.1 million in debt due in 2014.
The company said it bought approximately 97.5 percent of the notes. It announced the tender offer June 6 and is funding the repurchase with a public offering of $1 billion in debt due in 2022.
Shares of Tyson Foods rose 2 cents to $18.93 in afternoon trading.
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