date:Aug 29, 2014
US-based meat producer Tyson Foods has received approval from the antitrust division of the US Department of Justice (DOJ) for its previously announced $8.5bn purchase of Hillshire Brands.
DOJ said that Tyson Foods has agreed to sell its sow purchasing business Heinold Hog Markets, in order to move forward with the Hillshire merger.
Under the agreed terms of the proposed settlement, Tyson is required to completely divest Heinold Hog Markets to a buyer approved by the antitrust division.
US DO