Justice Department Requires Divestiture in Tyson Foods Inc. Acquisition of the Hillshire Brands Company
Justice Department Requires Divestiture in Tyson Foods Inc. Acquisition of the Hillshire Brands Company
The Department of Justice announced today that it will require Tyson Foods Inc. to divest Heinold Hog Markets, its sow purchasing business, in order to proceed with its $8.5 billion acquisition of The Hillshire Brands Company. The department said that, without the required divestiture, the transaction would have combined companies that account for more than a third of sow purchases from U.S. farmers, thereby likely reducing competition for purchases of sows from farmers.