Tyson Asked to Sell Hog Company

ABC9 News-- Because of anti-trust concerns, Tyson Foods' is being asked to sell one of its brands.

Attorney General Tom Miller joined the U.S. Justice Department in a lawsuit that would require Tyson to sell Heinold Hog Markets before going through with its $8.5 billion acquisition of Hillshire Brands.

 

Heinold operates two sow purchasing facilities in Iowa, in Story City as well as Sioux City.

 

The lawsuit was brought about due to the thought that Tyson’s Hillshire acquisition would have combined two major sow purchasers and eliminated the benefit farmers would have gotten from competition.

 

Under the terms of the proposed settlement, Tyson must sell Heinold in its entirety to an approved buyer.



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