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Fitch 2009 U.S. Commodity Food Outlook: Liquidity and Leverage Will Be the Focus

Business Wire (Free subscription) | 18/11/2008

Equity issuances, convertible debt offerings and asset sales enabled many commodity food companies to pay down debt or support near-term liquidity in 2008. Tyson Foods, Inc. (Tyson), Pilgrim's, Smithfield Foods, Inc. (Smithfield), Dean Foods Co. (Dean) and Chiquita Brands International, Inc. (Chiquita) all issued equity, convertible notes or both. Large divestitures included Smithfield's beef operation...