Entries tagged "Tyson"
President and CEO of Tyson Foods Inc., Dick Bond, has resigned to pursue other interests. Well, that's pretty vague, and so it's already set off speculation that his resignation may foreshadow future troubles at the company. ...
The Department of Justice announced Monday that it would go to court to stop the nation's third-largest beef packer, JBS SA, from acquiring rival beef packer National Beef Packing Co., part of U. S. Premium Beef LLC. However, DOJ will permit JBS, which owns Swift, to acquire Smithfield Beef Group Inc., as its parent seeks to refocus on global pork production and packaging. Thirteen Western and Midwestern states joined DOJ in the legal challenge. ...
Pilgrim's Pride Corp. is not going to the slaughterhouse. But even though it may have received a waiver this time around, the company still has to negotiate a deal with lenders by Oct. 28 and recapitalize to pay off a $25.7 million bond payment due next month. ...
What duties, if any, does a potential acquiror of a company owe to the target's shareholders? Amida Capital Management II LLC posed that question Wednesday by filing suit against Cerberus Capital Management LP in the U.S. Southern District of New York. ...
