Tyson Foods Reaches Partial Deal to Save the Beef at Bankrupt Easterday Ranches
Meat giant will start moving some cattle to rival ranches while bankruptcy feud continues
By Peg Brickley, The Wall Street Journal
Feb. 17, 2021
Tyson Foods Inc.ís meat-producing unit and bankrupt Easterday Ranches Inc. have a court-approved pact that will keep cattle moving toward the market while the ranch operation and Tyson try to settle their differences in bankruptcy court.
Tyson Fresh Meats Inc. has accused Easterday of a $200 million fraud involving allegedly phony billing by the ranching business that was supposed to be caring for its cattle.
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