Markets & Finance

Is Smithfield Back in the IBP Hunt?


Tyson Foods (TSN) discontinued its merger plans with IBP Inc. (IBP). There is speculation on Wall Street that Smithfield Foods (SFD) may revive its takeover bid for IBP.

Fortis Inc. will buy Core Inc. (CORE) for $4.92 per share cash.

A unit of Pure Resources will buy Hallwood Energy (HECO) for $12.50 per share.

According to BusinessWeek's Inside Wall Street column, three firms are rumored to be interested in American Express (AXP): Citigroup (C), Morgan Stanley Dean Witter (MWD) and American International Group (AIG).

Inside Wall Street also reports that Service Corp. (SRV) has received interest from LBO outfits.


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