NEWS
Mon Jul 28, 2014 07:59 AM CDT

(Dow Jones) -- Tyson Foods Inc. said Friday that ahead of its purchase of Hillshire Brands Co., it will close three facilities it acquired in the 2001 purchase of beef and pork processor IBP Inc.

The closures, which will result in about 950 job cuts, come as Tyson was criticized by some analysts and investors over the price of its $7.7 billion deal for Hillshire, which makes Ball Park brand hot dogs, among other products. As of September 2013, Tyson had about 115,000 employees.

The company will close its Cherokee, Iowa, plant effective Sept. 27. Its Buffalo, N.Y., and Santa ...

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