The deal faces opposition from Iowa's attorney general, Tom Miller, who put out a statement regarding the IBP-Smithfield proposed combination. We are very concerned about Smithfield and IBP, the nation's No.1 and No. 2 pork processing companies, ... The proposed merger poses serious questions for pork producers and for consumers.
Quotes about ibp (5 Quotes)
Consequently, whether intended or not, we believe Tyson Foods Inc. was inappropriately induced to enter into the Merger Agreement, ... Further, we believe IBP cannot perform under the Merger Agreement.
The IBP is greatly disturbed by this move of the government because the Constitution and the rule of law cannot be twisted or manipulated to serve partisan ends.
IBP wants to disappear as it becomes a stronger company over the next several years with a much more focused brand, ... But again, seeing the takeout price lower than IBP's 52-week high is not satisfying.
This is a unique opportunity for Tyson foods, the number one company in the chicken category, and the folks at IBP, who are the number one in the beef and pork industry, ... Seldom do you get the chance to put the leaders together in an industry and then move forward.