Tyson Foods,Inc. might be eyeing Keystone Foods, a U.S. supplier of chicken nuggets to McDonald's.
According to a Bloomberg report, two people familiar with the matter and who did not wish to be named said that Tyson is in exclusive talks with Brazil’s Marfrig Global Foods SA to buy Keystone Foods. Marfrig is Keystone’s owner, and is reportedly seeking $3 billion for selling Keystone, according to what some people familiar with the matter said in May (as reported by Bloomberg). No official statement, however, has been made from either of the companies.