Just-Food

USA: Accounting mess threatens Tyson takeover of IBP

In an attempt to clear up an accounting mess that is threatening the proposed US$3.2bn (€43.46bn) purchase of IBP by Tyson Foods, IBP has said it will take as much as US$47m in a pre-tax charge ...
Wall Street Journal

IBP to Take Charge of up to $47 Million To Clean Up Accounting Inaccuracies

IBP Inc., trying to clean up the accounting mess that has thrown a monkey wrench into its proposed $3.2 billion takeover by Tyson Foods Inc., said it will take as much as $47 million in a pretax ...
The Dispatch / The Rock Island Argus

Tyson delays IBP takeover, cites accounting inquiry

SPRINGDALE, ARK. -- Tyson Foods Inc., the largest U.S. chicken producer, delayed its $4.7 billion takeover of IBP Inc. on Thursday, saying IBP failed to disclose a federal probe of its accounting ...
Just-Food

USA: IBP files suit against Tyson Foods

IBP, inc. (NYSE: IBP) has filed a lawsuit in a Delaware Chancery court to force Tyson Foods (NYSE: TSN) to honor its agreement to complete a $3.2 billion merger acquisition of IBP. “Tyson’s actions ...
Wall Street Journal

IBP May Take Charge of $108 Million For Appetizer Unit's Accounting Debacle

IBP Inc. said it might take an additional pretax charge of up to $108 million against its 2000 results to reflect accounting irregularities at a small Chicago appetizer business it bought two years ...