Just for fun, I will speculate. If companies agree on merger, which would not happen till after an appeal, a small positive for SFD. More interestingly, what if TSN buys its way out? IBP could elect to stay independent, or could command more in an LBO, since it had more cash. I would think they could justify an all cash deal for less money than an SFD stock deal, given likelihood of SFD stock tanking after any such proposal.