Due to the pending acquisition of IBP, inc. (NYSE:IBP) by Tyson Foods, Inc. (NYSE:TSN), a third quarter dividend will not be issued to IBP shareholders, company officials reported on Friday (31 August).
Tyson officials indicate they currently expect to complete their purchase of IBP on Friday, September 28.
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About IBP, inc.
IBP, inc., headquartered in Dakota Dunes, South Dakota, is the world’s largest supplier of premium fresh beef and pork products, with more than 60 production sites in North America, joint venture operations in China, Ireland and Russia, and sales offices throughout the world. The company, which generated annual sales exceeding $16.9 billion in 2000, employs 52,000 people. About Tyson Foods, Inc.
Tyson Foods, Inc., headquartered in Springdale, Ark., is the world’s largest fully integrated producer, processor and marketer of chicken and chicken-based convenience foods, with 68,000 team members and 7,000 contract growers in 100 communities. Tyson has operations in 18 states and 16 countries and exports to 79 countries worldwide. Tyson is the recognized market leader in almost every retail and foodservice market it serves. Tyson’s Cobb-Vantress subsidiary is a leading chicken breeding stock supplier. In addition, Tyson is the nation’s second largest maker of corn and flour tortillas under the Mexican Original® brand, as well as a leading provider of live swine.
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