Entries tagged "food mergers"
The Department of Justice announced Monday that it would go to court to stop the nation's third-largest beef packer, JBS SA, from acquiring rival beef packer National Beef Packing Co., part of U. S. Premium Beef LLC. However, DOJ will permit JBS, which owns Swift, to acquire Smithfield Beef Group Inc., as its parent seeks to refocus on global pork production and packaging. Thirteen Western and Midwestern states joined DOJ in the legal challenge. ...
As rumors of Kraft Foods Inc. interest in adding Cadbury plc to its cupboard of brands heats up, Citigroup Inc. downgraded its rating on the English confectionery. ...