Tyson Gets $2.1B Chicken Co. Deal Fight Sent To Arbitration

Law360 (September 30, 2020, 11:36 PM EDT) -- A New York federal judge on Wednesday shipped most of a lawsuit over Tyson Foods Inc.'s $2.16 billion acquisition of a poultry supplier for fast-food chains to arbitration, ruling that the adjustments the supplier is challenging in the deal "fall squarely with the agreement's arbitration clause."

In its 2019 suit, Keystone Foods Holdings Ltd. — now known as Beef Holdings Ltd. — accused Tyson of negotiating their 2018 acquisition deal in bad faith. Specifically, Beef Holdings claimed that Tyson "abus[ed]" an agreed-upon post-closing purchase price adjustment process and improperly shaved nearly $174 million off the $2.5 billion purchase price.

Meanwhile, Tyson...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!