June 19, 2004

Tyson Shares Drop In Wake Of Ruling

WILMINGTON, Del. -- Shares of Tyson Foods were down 58 cents, or 2.8 percent, on the New York Stock Exchange Friday after a federal judge granted a summary judgment to the company. Tyson, the world's largest meat processor, was the subject of a securities class-action lawsuit. Plaintiffs had claimed the company lied about its reasons for attempting to back out of a deal to buy rival IBP. Posted by Editor at June 19, 2004 01:47 AM