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Tyson Foods Inc. asked the Delaware Supreme Court on Tuesday to overturn a landmark Court of Chancery decision that makes it harder for companies to back out of mergers. The poultry giant wants the state's top court to vacate Judge Leo E. Strine's decision in IBP v. Tyson , in which he held that a short-term drop in corporate profitability doesn't constitute a material adverse effect.
March 13, 2002 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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