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Europe Daily Bulletin No. 7874

5 January 2001
Contents Publication in full By article 44 / 51
ECONOMIC INTERPENETRATION / (eu) agri-foodstuffs

The US-based TYSON FOODS (annual turnover of USD 7.2 billion), number one worldwide in chicken, has announced the takeover of IBP (annual turnover of USD 14 billion in 1999), the American specialist in beef and pork, for USD 3.2 billion plus assumption of a debt of USD 1.5 billion. TYSON FOODS will pay 30 dollars for each IBP share, after offering 26 dollars in early December.

Contents

THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION