SmithField Foods Merger Gets DOJ Approval

Law360, New York (May 7, 2007, 12:00 AM EDT) -- Despite months of outcry from farmers and senators alike, the U.S. Department of Justice’s Antitrust Division has dismissed its investigation into pork producer Smithfield Foods Inc.’s bid to purchase its top rival, ruling that the proposed $810 million union would not harm competition.

On Friday, the DOJ revealed that it had decided to close the probe, satisfied that the pork packing market would not be injured by the companies' fusion.

“The Division’s investigation of the merger of these pork packers and processors focused on fresh and...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.