Tyson Foods (TSN +1.9%) discloses that it started the process of looking to divest its Sara Lee frozen bakery, Kettle and Van’s businesses.
"The businesses we’re exploring to sell include well-respected brands, operations and product lines," says CEo Tom Hayes.
"With our protein-focused strategy, we believe other companies may be better positioned to unlock their value over time," he adds.
Earlier today, Tyson made a strong protein move with the acquisition of AdvancePierre Foods.
Previously: Tyson Foods acquires AdvancePierre Foods (April 25)