A lawsuit between Tyson Foods the former owner of Keystone Foods over the acquisition of Keystone Foods will now be heard in arbitration, according to a federal judge’s ruling on Wednesday, (Sept. 30).
Tyson Foods acquired certain assets of Keystone Foods for $2.16 billion from Marfrig Global in November 2018. Within a few months, Keystone, now known as Beef Holdings, sued Tyson Foods in April 2019 claiming the actual purchase price was slashed from $2.5 billion, calling it a breach of contract.
Lawsuit between Tyson Foods and former Keystone owner heads to arbitration - Talk Business & Politics
A lawsuit between Tyson Foods the former owner of Keystone Foods over the acquisition of Keystone Foods will now be heard in arbitration, according to a federal judge's ruling on Wednesday, (Sept. 30). Tyson Foods acquired certain assets of Keystone Foods for $2.16 billion from Marfrig Global in November 2018.