USA: The Tyson and IBP merger - will they or won't they?
John Tyson, chairman of Tyson Foods , claimed in court yesterday that he is still interested in creating the world's largest meat company, prompting much speculation that a merger with IBP Inc could still go ahead. Tyson testified in court that the original merger deal, which would have seen the poultry giant pay US$30 per share for the meat processor, was made under false pretences. He claimed that IBP breached its guarantee of its financial statements and that Tyson was right to terminate the deal on 29 March. IBP had to restate its financial reports for 2000 after an investigation by the
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