Company said to be eyeing Swift purchase
Meat News
A newspaper report says National Beef Co. is considering buying Swift.
Kansas City, Missouri-based National Beef Co. is considering buying Swift and Co. beef and pork business, Steve Kay, publisher of Cattle Buyers Weekly, told the Greeley (Colorado) Tribune.
Greeley, Colorado-based Swift announced last week it had hired JPMorgan to help review strategic and financial alternatives, including a possible sale or merger.
According to the newspaper report, National Beef has an equity partner already lined up who is prepared to finance the purchase of at least part of Swift, if not all the business.
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