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U.S. meat and processed food maker Tyson Foods plans to sell its China poultry business, three people with knowledge of the matter said, in the latest case of a multinational firm looking to divest from the country in recent years. The company has hired Goldman Sachs to advise on the sale and sent preliminary information to potential buyers including a number of private equity firms, said two of the people, adding the sale process was at an early stage. While it was not immediately clear what valuation Tyson Foods is seeking for the China poultry business, it has annual sales of about $1.1 b...

U.S. meat and processed food maker Tyson Foods plans to sell its China poultry business, three people with knowledge of the matter said, in the latest case of a multinational firm looking to divest... -Today at 01:13 am- MarketScreener

The company has hired Goldman Sachs to advise on the sale and sent preliminary information to potential buyers including a number of PE firms.

Tyson said this month it was evaluating all operations and closing four more U.S. chicken plants in the latest bid to reduce costs.

Three men convicted of raping minors were executed in China on Tuesday, according to the Supreme People Court (SPC). The death sente