SPRINGDALE, Ark. – Tyson Foods Inc. announced Wednesday that it has priced its registered underwritten public offerings of Class A common stock and convertible notes due 2013.
The company said it has agreed to sell 20 million shares of its common stock at a public offering price of $12.75 per share and has granted the underwriters an option to purchase up to an additional 3 million shares of common stock on the same terms and conditions to cover over-allotments, if any. Tyson also said the pricing of its public offering of $450 million aggregate principal amount of 3.25% convertible senior notes. Tyson has granted the underwriters an option to purchase up to an additional $67.5 million in aggregate principal amount of convertible senior notes on the same terms and conditions to cover over-allotments, if any.