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Published May 12, 2011, 01:09 PM

Tyson Foods plans to buy back up to 22.5M shares

SPRINGDALE, Ark. — Tyson Foods Inc. said Thursday that it plans to buy back up to about 22.5 million shares of its common stock.

SPRINGDALE, Ark. — Tyson Foods Inc. said Thursday that it plans to buy back up to about 22.5 million shares of its common stock.

The food production company expects to start repurchasing shares during the fiscal third quarter and expects to buy back less than 25 percent of the total during that quarter.

Tyson, based in Springdale, Ark., had 309.5 million outstanding shares as of Tuesday.

On Monday Tyson reported that its second-quarter earnings were flat, as higher feed costs offset improving demand and higher meat prices.

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