requires Tyson to divest sow purchasing business
August 28, 2014
The U.S. Department of Justice announced Wednesday it will
require Tyson Foods Inc. to divest Heinold Hog Markets, its sow
purchasing business, before allowing the company’s $8.5 billion
acquisition of The Hillshire Brands Company to continue.
The department said without the divestiture, the combined
company would have accounted for a third of sow purchases from
Three state’s Illinois, Iowa and Missouri, have joined a DOJ
lawsuit blocking the proposed acquisition. The proposed
settlement would resolve the department’s competitive concerns.