NEWS
Thu Aug 28, 2014 06:30 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, ...

Quick View
  • Stay on Top of SDS The distinctive yellow patches of sudden death syndrome (SDS) are surfacing in soybean fields acr...
  • Cattle Market There may be a little less bull in this fall's calf market, but the fundamentals still spell oppo...
  • Precision Ag Potential Pending Precision agriculture proponents insist the industry can revolutionize agriculture, but first mor...
  • Cash Rent Reset - 2 Iowa farmland owners Fred and Lodean Cook may consider flexible cash leases for the first time th...
  • Iowa Land Gets a Bounce Key Midwest land values are stuck in neutral or sliding below 2014 levels, recently released opin...
  • Canadian Dairy Conundrum Coping with Canada's dairy industry import tariffs and supply controls remains one of the stickin...
  • Senior Partners - 5 This fatherly financial advice is meant to prevent heartaches should the farm economy suffer anot...
  • Ask the Taxman by Andy Biebl CPA Andy Biebl answers readers' questions on depreciation recapture, defining a "true" lease and ...
  • Ask the Vet Does my calf have a hernia and is it repairable?
Related News Stories
State of the Industry
Ag Interest Rate Snapshot
Railroads Gear Up for Harvest
Cash Rent Reset - 3
Senior Partners - 5
Net Farm Income Falling Fast
Monsanto Calls Off Hunt
Monsanto Calls Off Hunt
Monsanto Nixes Syngenta Bid
View From the Cab