Seeking Alpha

Tyson Foods makes a play for Michael Foods

  • 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.
Comments (5)
  • Mercury Value
    , contributor
    Comments (565) | Send Message
     
    Talk about synergies: the new Mike Tyson Foods will rip out your stomach and eat your children!
    15 Feb 2014, 12:17 PM Reply Like
  • PalmDesertRat
    , contributor
    Comments (3345) | Send Message
     
    and bite your ear off
    15 Feb 2014, 01:32 PM Reply Like
  • SanDiegoNonSurfer
    , contributor
    Comments (3410) | Send Message
     
    LOL. And GS will rig the game.
    15 Feb 2014, 02:36 PM Reply Like
  • PalmDesertRat
    , contributor
    Comments (3345) | Send Message
     
    I hope so, I've owned GS for several years and have done very well with it.
    15 Feb 2014, 02:55 PM Reply Like
  • positivethoughts
    , contributor
    Comments (2011) | Send Message
     
    The newly formed company might be exposed to false rape allegations though.
    16 Feb 2014, 11:32 AM Reply Like
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