SPRINGDALE, Ark.- Tyson Foods, Inc. began trading its stock on the New York Stock Exchange (NYSE).
Tyson Foods has been publicly traded since 1963 and has been listed on the Nasdaq Stock Market (under the symbol "TYSNA") since 1971. Since 1971, Tyson has grown from approximately $13 million to over $5 billion in market capitalization.
"This is a significant event in the history of our company," stated Leland Tollett, Tyson's Chairman and Chief Executive Officer. "We're convinced that it will create new opportunities and thus contribute toward our goal of constantly enhancing shareholder value." Tollett expressed his confidence in the move by personally purchasing the first one hundred shares to be listed on the exchange at the start of trading this morning.
Richard A. Grasso, Chairman and Chief Executive Officer of the NYSE, said, "We are very excited to welcome Tyson Foods, Inc. to the largest and most efficient equities marketplace in the world. As the world's largest producer and marketer of poultry food products as well as a significant producer of other convenience food items, the company will be an outstanding addition to the family of NYSE-listed companies."
Tyson employs nearly 60,000 people with an annual payroll of over $1 billion; has nearly 7,000 independent contract poultry and hog growers with annual grower payments of more than $400 million and processes over 37 million birds each week, or over 6.5 billion pounds of chicken per year.
Press Here for Info on Setting Your Own Web Site
Meat Industry Insights News Service
P.O. Box 553
Northport, NY 11768
Phone: 631-757-4010
Fax: 631-757-4060
E-mail: sflanagan@sprintmail.com
Web Site: http://www.spcnetwork.com/mii