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SPRINGDALE, Ark. -- Tyson Foods, Inc. will be added to the S&P 500 upon completion of the Unocal acquisition by Chevron.
John Tyson, chairman and CEO, said, "Tyson has come a long way since it was first included in the S&P MidCap 400. We've grown from being a leading chicken producer to the world's leading producer and marketer of chicken, beef and pork. As such, we believe we are a strong representative for the protein industry in the Packaged Foods & Meats category."
The S&P 500 is an index of 500 stocks chosen by Standard & Poor's for their market size, liquidity and industry group representation. It is considered a benchmark of performance of the overall market. Standard & Poor's selects the 500 stocks, which represent leading companies in leading industries.
Tyson Foods, Inc. is a leading processor and marketer of chicken, beef, and pork and the second-largest food company in the Fortune 500. The company produces a wide variety of protein-based and prepared food products, which are marketed under the "Powered by Tyson," strategy. The company has approximately 114,000 team members employed at more than 300 facilities and offices in the United States and around the world.