Tyson Foods sold its stake in the alternative protein company Beyond Meat, which is expected to go public next week at a valuation of more than $1 billion.
Tyson Foods sold its stake in Beyond Meat, an alternative protein company, set to go public next week.
Reportedly, Beyond Meat no longer wanted the Tyson Ventures representative to attend its board meetings, despite his attendance being a contractual right. "Tyson Foods continues to be committed to providing alternative protein as a choice for consumers and recently announced the creation of a new business focused on combining our creativity, scale and resources to make great tasting protein alternatives more accessible for everyone. We plan to launch an alternative protein product soon with market testing anticipated this summer," the statement added.
Tyson Foods was still listed on an April 15 amended IPO filing, but did not appear on the filing submitted on Monday, according to Axios.
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