XML 53 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
PENDING ACQUISITIONS
 9 Months Ended
Sep. 28, 2014
Business Combinations [Abstract]  
PENDING ACQUISITIONS
PENDING ACQUISITION
On July 28, 2014, the Company entered into a definitive agreement to purchase Provemex Holdings LLC and its subsidiaries (together, “Tyson Mexico”) from Tyson Foods, Inc. and certain of its subsidiaries for approximately $400.0 million, which is subject to adjustment for closing date working capital. The transaction is expected to be completed during the fourth quarter of 2014 or the first quarter of 2015, subject to customary closing conditions, including regulatory approvals. We expect to fund the purchase price from available cash balances and bank credit. Tyson Mexico is a vertically integrated poultry business based in Gomez Palacio, Durango, Mexico. It has a production capacity of 3 million birds per week in its three plants and employs more than 5,400 in its plants, offices and seven distribution centers.