Tyson Ordered to Complete IBP Merger

June 15, 2001
Although an appeal is expected, Tyson Foods has been ordered to complete its cancelled merger with IBP. The ruling was made by Deleware Chancery Court

Although an appeal is expected, Tyson Foods has been ordered to complete its cancelled merger with IBP. The ruling was made by Deleware Chancery Court Judge Leo E Strine Jr. Tyson recently backed out of a merger agreement with IBP citing financial problems at an IBP subsidiary. A completed merger would produce a company that produces more poultry than any other in the world as well as one of the single largest beef and pork producers in the US. The only alternative to completing the merger would be an award of extremely large damages to IBP, the court said.

About the Author

Refrigerated Transporter Staff

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Downtime is expensive. This guide shows you how to keep your eet running, reduce repair surprises, and protect your margins—because when your trucks aren’t moving, you’re not...
Learn how fast oil changes can optimize vehicle downtime for fleet owners. Improve revenue and employee productivity while ensuring customer satisfaction with efficient maintenance...
Unlock proven strategies to streamline operations, lead your team, and keep your eet moving forward – all in one guide.
Commercial fleets bear a heavy burden from economic uncertainty, operational costs, and litigation risks. In-cabin video technology offers opportunities to reduce fleet expenses...