LIVESTOCK NEWS
Thu Aug 28, 2014 06:31 AM CDT

(Dow Jones) -- Tyson Foods Inc. agreed to sell a small hog-processing division to resolve antitrust concerns by the U.S. Department of Justice over its planned $7.7 billion acquisition of Hillshire Brands Co.

Under the settlement, Tyson will sell Heinold Hog Markets, a unit that purchases and resells sows, or female breeding hogs, to sausage makers. The division accounted for less than 1% of Tyson's roughly $34 billion in revenue last year, making the divestiture a small price to pay to complete the meat industry's biggest-ever deal.

The settlement follows criticism of Tyson's planned acquisition of Hillshire, announced in June, ...

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