010916 IBP Shareholders Approve Merger with TysonSeptember 28, 2001Shareholders of beef and pork processor IBP Inc. on Friday approved the company's acquisition by poultry giant Tyson Foods Inc. in a $2.9 billion deal creating the largest U.S. meat company. The completion of the on-again, off-again deal creates the largest U.S. poultry and beef company and nearly the largest pork company with annual revenue projected at $25.7 billion in fiscal 2002. Tyson agreed to buy IBP in June ending a months-long dispute that sparked a legal battle.
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