DOJ request for Smithfield and PSF

08-11-2006 | |

Smithfield and Premium Standard Farms (PSF) both have received a request for additional information from the Antitrust Division of the US Department of Justice (DOJ).

The request comes after Smithfield’s announced acquisition of PSF, in September of this year. The DOJ action is usually referred to as the ‘second request’.
The second request was issued under notification requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
The companies say they intend to respond carefully to the request and to work towards a prompt closing, which they are hopeful will occur in the beginning of next year. All in all the deal involves about $810 million.
Smithfield is the largest processor of pork in the US, PSF is the nation’s second largest pork producer and sixth largest pork processor.
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