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The landmark Tyson Foods-IBP decision may be headed to the Delaware Supreme Court. The high court would be Tyson's final chance to overturn the ruling that it couldn't cancel its deal with IBP under the merger agreement's material adverse change clause because it didn't make a sufficient showing warranting cancellation. A successful appeal would help Tyson defend itself against a class action filed by former IBP stockholders.
February 19, 2002 at 12:00 AM
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The original version of this story was published on Law.Com
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