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Category: Strategic Alliance

It Begins And Ends With You
— by Lee Pitts

The on-again, off-again marriage of IBP and Tyson turned into a shotgun wedding. When a Delaware judge ruled that Tyson Foods improperly backed out of its deal to buy IBP and must either complete the deal to buy IBP for nearly $5 billion or pay a lump sum settlement to walk away, Tyson figured as long as they have to cough up the cash they might as well consummate the marriage and get something in return.

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