As part of strategic efforts to reduce the production of fresh, commodity chicken, Tyson Foods Inc. plans to sell its poultry plants in Ashland and Gadsden, Ala., to Koch Foods Incorporated.
Avery Dennison Corporation will acquire all outstanding shares of Paxar Corporation for $30.50 per share in a cash transaction valued at approximately $1.34 billion.
Altria Group Inc. announces the distribution ratio for its previously announced spin off of Kraft Foods Inc. Altria shareholders received approximately 0.69 of a share of Kraft for each share of Altria common stock held.
Sara Lee Corporation intends to simplify the management structure of its International business to better align with the company's multi-year transformation from a diversified holding company to an integrated operating company.
