Tam, I do not know the competition laws in Canada. The Tyson/IBP deal was a U.S. deal and obviously did not fall under the Canadain laws that are mentioned by Rod.
Jason, The packers were under court order that limited their involvement in other ag. businesses in previous history in the U.S. I don't know what the deal in Canada was.
These are both your statements Econ so explain how Tyson is the processors of Chicken in 1957, Hogs in 1977,leading producer of corn and flour tortilla products by1983, leaped into the seafood business 1992, got into processing food items like French toast to seafood entrees in 1995, Refrigerated gourmet Pasta and sause products in 1997,Then in 2001 was forced by the courts to go through with the acquisition of IBP, Inc the power house of Beef and Pork processing if as you told Jason The packers were under court order that limited their involvement in other ag. businesses. Don't you think that if they were under court order to limit themselves the courts would have seen the merger as maybe going against the historical court order you mention to Jason an would have stopped the merger
Why not by forcing them to go through with the deal, Tyson acquired the MARKET POWER they are still enjoying to this day. Why didn't the courts look at the market power Tyson had built up over the previous 44 years and say if you aren't going to limit yourself we will and Stamp the deal a NO GO BECAUSE OF MARKET POWER LIMITATIONS. There was a standing court order wasn't there. They didn't they ruled in favor of IBP and handed TYSON the Market power they now have on a silver lined legal document file folder.IBP going to court and forcing Tyson to go through with their contract of purchase was not a legal action to look into the matter of the market power issues.
And Econ the truth is way over your head all you do is speculate and blame with NO PROOF to back yourself up that is why your creditibility on this web site is lower than a snakes belly. Is that an comparison that you as a Texan can understand. :wink: