DOJ Under Pressure To Probe JBS Swift Merger

Law360, New York (May 7, 2008, 12:00 AM EDT) -- At a U.S. Senate antitrust hearing on Wednesday, lawmakers called on the U.S. Department of Justice to prevent further consolidation of the meatpacking industry by taking action against JBS Swift & Co.'s proposed $1.1 billion buyout of Smithfield Beef Group Inc. and National Beef Packing Co.

If the merger goes through, it will reduce the number of major meatpackers in the United States from five to three, Sen. Chuck Grassley (R-Iowa) pointed out in the hearing of the Senate Judiciary subcommittee on antitrust, competition policy and...
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