DOJ Clears Path For Perdue, Coleman Merger

Law360, New York (May 2, 2011, 10:24 PM EDT) -- The U.S. Department of Justice's Antitrust Division on Monday closed its investigation into Perdue Farms Inc. parent company's proposed acquisition of Coleman Natural Foods LLC, saying there was no evidence to suggest that competition among chicken processors would be harmed.

The DOJ probed FPP Family Investments Inc.'s merger with Coleman amid concerns over a deal between two buyers of services from chicken growers. Such a merger, antitrust regulators said, could increase the market power on the buying side.

“Such a concern was not an issue in...
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.