Andrews Corporate Officers and Directors Liability Litigation Reporter
June 18, 2001
Material Adverse Change
Copyright (c) 2001 Andrews Publications
DEL. JUDGE SAYS TYSON CANNOT RENEGE ON IBP MERGER PROMISE
IBP v. Tyson Foods
A Delaware state court judge has ruled that, if necessary, he would use what amounts to a judicial shotgun to hold Tyson Foods Inc. to its promise to acquire IBP Inc. The nation's top poultry producer broke off the $3.2 billion pact after claiming...