Smithfield makes rival bid for IBP in all-stock offer

Article Abstract:

Smithfield Foods Inc. has made an offer to acquire IBP Inc. for $2.7 billion (3.13 billion euros). Smithfield's offer is an attempt to prevent a management-headed buyout on the part of IBP.

Smithfield Foods Inc., SFDS

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IBP shares dive as Tyson pulls out of planned tie-up

Article Abstract:

IBP Inc. saw its share value drop by 28% after Tyson Foods Inc. terminated its planned acquisition of the company. Tyson, which was planning to acquire IBP for $3.2 billion (3.7 billion euros), claimed IBP made false and misleading comments about its operations.

Strategy & planning, Poultry Processing, Poultry slaughtering and processing, Dressed Poultry, Tyson Foods Inc., TYSNA, Poultry industry

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EchoStar prepares offer to purchase GM's Hughes Electronics operations

Article Abstract:

EchoStar Communications Corp. is readying an offer to acquire Hughes Electronics Corp. from General Motors Corp. EchoStar's offer could start a bidding war with News Corp.

COMMUNICATION, Communications, Broadcasting and Telecommunications, Telephone communications, exc. radio, Satellite Telecommunications, Cable and other pay TV services, Satellite TV Communications, Direct Broadcast Satellite TV Providers, Cable and Other Program Distribution, Telecommunications services industry, Telecommunications industry, General Motors Corp., GM, Hughes Electronics Corp., GMH, EchoStar Communications Corp., DISH, Satellite communications services industry, Direct broadcast satellite television industry, Satellite television, Satellite television industry

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