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Wednesday, August 13, 2014

Deals of the day- Mergers and acquisitions, (NYSE: TSN)

The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Wednesday: ** Alibaba Group Holding Ltd (IPO-BABA.N) overhauled its pact with the parent of fast-growing payments affiliate Alipay, boosting the Chinese e-commerce giant's potential gains if that company is sold or goes public.** The U.S. Department of Justice's Antitrust Division has asked Tyson Foods Inc and Hillshire Brands Co for additional information related to Tyson's $7.7 billion offer for the maker of Jimmy Dean sausages.

Tyson Foods, Inc. is a food production company. The Company produces, distributes and markets chicken, beef, pork, prepared foods and related allied products. Shares of TSN traded higher by 0.16% or $0.06/share to $37.37. In the past year, the shares have traded as low as $27.33 and as high as $44.24. On average, 5235520 shares of TSN exchange hands on a given day and today's volume is recorded at 3315293.