WASHINGTON – The U.S Department of Justice (DOJ) and twelve states on Monday filed a civil antitrust lawsuit to block the proposed acquisition of National Beef Packing Co. by Brazilian-based JBS S.A.
The DOJ reportedly said that the deal would company two of the top four U.S. beef packers and would result in lower prices paid to cattle suppliers and higher prices for consumers. The attorneys general of Colorado, Iowa, Kansas, Minnesota, Missouri, Montana, North Dakota, Ohio, Oklahoma, Oregon, South Dakota, Texas and Wyoming are joining the department’s lawsuit.