Popular Posts

Wednesday, May 11, 2011

Feds Challenge Sale of Virginia Poultry Complex

HARRISONBURG, Va. (AP) - The sale of Tyson Foods' poultry complex in Harrisonburg has hit a federal roadblock.

The Justice Department filed an antitrust lawsuit in U.S. District Court in Harrisonburg on Tuesday challenging George's Inc.'s purchase of the facility. The acquisition announced in March would combine the Tyson plant with George's Edinburg, Va., operations.

The lawsuit alleges the sale would reduce the ability of chicken growers in the Shenandoah Valley to receive competitive prices for their services.

The companies issued a joint statement Wednesday evening in which George's chairman and CEO Gary George called the lawsuit "a blatant example of government overreach that could end up hurting the people it purports to protect.

READ MORE …

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.