Tyson Foods has reached a deal with the Justice Department to sell its hog-purchasing business as part of its planned $7.7 billion acquisition of Hillshire Brands.
The Justice Department said Wednesday that it would require Tyson to sell its Heinold Hog Markets unit to win antitrust approval for the merger.
The settlement ends the antitrust review period of the merger, Tyson said in a statement. Under the terms of the agreement, Tyson must sell Heinold Hog Markets, which had annual sales of about $270 million and employs about 45 people.
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