The company reported earnings of $19.4 million for the quarter ended June 30 compared with $40.5 million a year ago.
Tyson spent nearly $13 million in legal fees surrounding the acquisition of IBP, a deal the company tried to back out of in March, citing breach of agreement, but was forced back into by a judge's ruling in June.
The acquisition, which will make Tyson the largest U.S. meat company, is expected to be completed by early October, Chief Financial Officer Steve Hankins said in a conference call earlier today. -- stephanie Thompson
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