- 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.
Tyson Foods makes a play for Michael Foods
Feb 15 2014, 12:13 ET