MEMPHIS, Tenn. — Poultry producer Holly Farms Corp. said today that it will fight a court ruling won by hostile suitor Tyson Foods Inc. that blocks Holly Farms from a friendly merger with ConAgra Corp.
Holly Farms officers said in a statement that despite the ruling they will proceed as if the friendly merger will take place. Shareholders of both Holly Farms, a 100-year-old Memphis company, and ConAgra, based in Omaha, Neb., are scheduled to meet in separate sessions the first week of February to vote on the merger.
