Tyson Foods makes a play for Michael Foods

|About: Tyson Foods Inc. (TSN)|By:, SA News Editor

Tyson Foods (TSN) made an offer for Michael Foods, according to Bloomberg.

The prepared foods business is owned by the P-E arm of Goldman Sachs (GS).

Inside sources think more bids in the neighborhood of $2B could come in from food companies and other P-E firms.

Michael Foods sells products under a number of brands that would be a good fit for Tyson - including Simply Potatoes, Papetti’s Easy Eggs, and Crystal Farms cheese.