Legal Opinion
In Re IBP, Inc., Shareholders Litigation
Court of Chancery of Delaware
Decided June 18, 2001No. Civil Action 18373PublishedCited by 91 opinions
1Opinion of the Court
OPINION
STRINE, Vice Chancellor.
This post-trial opinion addresses a demand for specific performance of a “Merger Agreement” by IBP, Inc., the nation’s number one beef and number two pork distributor. By this action, IBP seeks to compel the “Merger” between itself and Tyson Foods, Inc., the nation’s leading chicken distributor, in a transaction in which IBP stockholders will receive their choice of $30 a share in cash or Tyson stock, or a combination of the two.
The IBP-Tyson Merger Agreement resulted from a vigorous auction process that pitted Tyson against the nation’s number one pork…
2Cases cited44 opinions
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- San Leandro Emergency Medical Group Profit Sharing Plan v. Philip Morris Companies, Inc.Court of Appeals for the Second Circuit · 1996
- Harsco Corp. v. SeguiCourt of Appeals for the Second Circuit · 1996
- Danann Realty Corp. v. HarrisNew York Court of Appeals · 1959
- BROWN BROS. v. Beam Constr.New York Court of Appeals · 1977
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3Cited by91 opinions
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- Prairie Capital III, L.P. v. Double E Holding Corp.Court of Chancery of Delaware · 2015
- Eagle Force Holdings, LLC v. CampbellSupreme Court of Delaware · 2018
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