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After a two-week trial, IBP Inc.'s suit to force Tyson Foods to honor their $4.7 billion merger agreement has become a dead heat. IBP made up ground during the trial by showing that Tyson twice raised its bid for the company after learning of problems at its DFG subsidiary. IBP also questioned how the loss of $10 million a year in expected earnings could be material, given that IBP's annual earnings, before interest and tax, is $500 million.
May 29, 2001 at 12:00 AM
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The original version of this story was published on Law.Com
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