USA: Tyson sees Q3, nine months results up on IBP acquisition
Springdale, Arkansas-based Tyson Foods, the world's largest processor and marketer of beef, chicken and pork, has reported US$0.3 diluted earnings per share (EPS) for its Q3 ended 29 June 2002, compared to US$0.09 diluted EPS year on year. The Q3 2002 diluted EPS figure is buoyed by an additional US$0.05 resulting from the partial settlement of about US$30m related to ongoing vitamin antitrust litigation. On 28 September 2001, Tyson completed the acquisition of IBP, and so fiscal 2002 results also include 100% of IBP's operations.
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