SPRINGDALE, Ark. — Mexico’s Federal Economic Competition Commission has approved the sale of Tyson Foods Inc.’s poultry business in Mexico to Pilgrim’s Pride, which is part of a wholly-owned subsidiary of JBS SA.
The commission, which has been reviewing the transaction, recently voted to permit the deal to proceed.
“We appreciate the attention and efforts of the commission and will now move forward with Pilgrim’s Pride to complete the deal,” said Tyson President and CEO Donnie Smith. “We’ve not set a closing date but believe it will be soon.”
Tyson Foods and Pilgrim’s Pride. . .
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