USA: Tyson forced to hear IBP suit against it in Delaware
IBP appears to be heading for a morale boosting minor victory in its fight to force Tyson Foods to complete its US$3.2bn acquisition of the meat packer. A hearing in Delaware by the court vice chancellor Leo Strine, rejected moves by Arkansas based Tyson to move the merger dispute hearings to that state. Strine denied Tyson's petition to stay the Delaware action, finding the Arkansas and Delaware actions were "contemporaneously filed."
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