fbpx

Review of Smithfield/PSF deal extended

02-04-2007 | |

The US Department of Justice will take 30 more days to review the proposed acquisition of Premium Standard Farms by Smithfield Foods.

In September last year, the companies announced that Smithfield Foods (Virginia), would buy Premium Standard Farms (Kansas) in a transaction valued at $810 million.

Antitrust
However, in a release by the end of last week, the Justice Department’s Antitrust Division announced to take an additional 30 days to review the proposed transaction. The review period now ends on May 7.

With annual sales of $11 billion, Smithfield is the leading processor and marketer of fresh pork and processed meats, and the largest producer of hogs, in the United States.

Related news items:
• Smithfield/PSF merger file


Related websites:
• Smithfield Foods
• Premium Standard Farms
• US Department of Justice

For the latest pig news, subscribe here

Join 18,000+ subscribers

Subscribe to our newsletter to stay updated about all the need-to-know content in the pigsector, three times a week.
Pigprogress
More about




Beheer