I'm glad - I never was too comfortable with this. I am considering investing in Beyond Burger if I can set aside a few hours to do the research necessary to make a decision. Soon it will have an IPO (initial public offering) and become a public company so it may be possible for anyone to buy.
Not sure if the IPO was a factor in the decision. The company valuation may fluctuate wildly after it launches. Maybe Tyson feels it can get a better price IPO.
By the way, it's annoying when a company floats at say $20 a share, and then the price immediately burns up to say $30 a share, a say 50% profit for anyone that got in before the float whereas Joe Public has to come in at the higher price. Might not buy if that happens. Still, Tyson obviously thinks that the opposite will happen.
I've been following this story a little bit. And nothing definite but rumors of discord in the boardroom. I guess the Beyond Meat guys and the Tyson guys were not getting along. And that seems pretty plausible.
the other rumor and I've actually seen this show up in a few places, which gives it some credence is that Tyson plans to start their own division of plant-based meat. And Beyond Meat has some issues with that.
here are some more points.
Tensions rose after Tyson's CEO said in February that the poultry giant would develop its own plant-based protein products.