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Tyson Foods pens deal with Saudi Arabian company

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Tyson Foods announced a strategic partnership with Saudi Arabian company Tanmiah Food.

The Arkansas-based corporation plans to acquire a 15% stake in Tanmiah subsidiary Agriculture Development Co. It also will take a 60% equity stake in Tanmiah's Supreme Foods Processing Co.

The transaction is subject to approval by regulators.

Read more from the Joplin Globe.

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