News

Tyson forced to proceed with IBP merger

02/07/2001

Tyson Foods, the largest US chicken producer, last week bowed to a US judge's order forcing it to purchase IBP, US's largest beef producer, and agreed to the merger under the original terms.

Tyson will purchase IBP for about $2.7 billion in cash and stock – a figure that is far lower than the initial offer of $3.2 billion made in December, because of the fall in the value of IBP shares since.  

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