Iowa Beef is considering buying Wilson Foods.
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Wilson’s investment banker, Salomon Bros., invited Iowa Beef Processors, a unit of Los Angeles-based Occidental Petroleum, to look at Wilson Foods seven to 10 days ago, according to a spokesman for Iowa Beef. He added, however, that he did not know when Iowa Beef, the nation’s largest beef packer, would reach a decision. Wilson, which emerged from Chapter 11 bankruptcy proceedings last year, reported a loss of $16.1 million for the year ended Aug. 3.
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