antitrust Archives | Country Guide

Elanco Animal Health wins U.S. approval to buy Bayer unit

Elanco to shed cattle pour-on brand, others for approval

By Reuters July 15, 2020

Reading Time: < 1 minute Washington | Reuters — Elanco Animal Health has won U.S. antitrust approval to buy Bayer’s animal health business on condition that it sell assets to treat three ailments, two in dogs and one in cattle, the Federal Trade Commission said on Wednesday. The deal was valued at $7.6 billion when it was announced in August […] Read more

Livestock, Reuters

Elanco gets EU’s conditional antitrust OK for Bayer deal

Approval calls for sale of Vecoxan brand, among others

By GFM Staff, Reuters June 9, 2020

Reading Time: < 1 minute Reuters/Staff — Elanco Animal Health secured antitrust clearance on Monday from the European Union to buy Bayer’s veterinary drugs unit, after pledging to sell some products to address competition concerns about the US$7.6 billion deal. The European Commission said the companies will sell either Elanco or Bayer’s products or those in the pipeline, including licenses, […] Read more

Livestock, Markets, Poultry/Eggs, Reuters

U.S. indicts Pilgrim’s Pride CEO for alleged chicken price-fixing

Allegations cover period from 2012 to 2017

By Reuters June 3, 2020

Reading Time: < 1 minute Washington/Chicago | Reuters — The CEO of Pilgrim’s Pride Corp., a major U.S. poultry company, was indicted along with three other current and former industry executives on charges of seeking to fix the price of chickens, the U.S. Department of Justice said Wednesday. A grand jury in Denver indicted Jayson Penn, the president and CEO […] Read more

Livestock, Markets, Reuters

U.S. livestock: June cattle limit up on surging beef prices, meat shortages

Lean hogs down on profit-taking

By Karl Plume May 8, 2020

Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures surged by their daily trading limits for a second straight session on Thursday on soaring beef prices and concerns about meat shortages because of recent packing plant closures due to the coronavirus. Shuttered slaughterhouses across North America due to the pandemic have left ranchers nowhere to ship […] Read more

Crops, Reuters

Court orders big ag firms to hand over documents in antitrust probe

By Kelsey Johnson February 12, 2020

Reading Time: 2 minutes Ottawa | Reuters — A Canadian federal court has ordered a group of major agriculture companies to hand over records and communications in an antitrust probe sparked by allegations some businesses tried to block online farm-supply startup Farmers Business Network (FBN). In a series of court orders issued Tuesday, Federal Court Justice Denis Gascon said […] Read more

Livestock, Poultry/Eggs, Reuters

U.S. launches criminal probe into alleged chicken price fixing by Tyson, rivals

By Reuters June 25, 2019

Reading Time: < 1 minute Reuters — The U.S. Department of Justice has begun a criminal probe into allegations that Tyson Foods and other poultry processors including Pilgrim’s Pride and Sanderson Farms colluded to fix poultry prices, court documents show. The DOJ filed a motion to intervene and stay discovery of evidence in an antitrust lawsuit involving the companies and […] Read more

Beef Cattle, Livestock, Markets, Reuters

R-CALF suit alleges U.S. packers conspired to suppress fed cattle prices

By jonathan-stempel April 23, 2019

Reading Time: 2 minutes Reuters — Four of the largest U.S. beef-packing companies were accused in a lawsuit on Tuesday of violating federal antitrust law by conspiring to drive down prices they paid ranchers for cattle, even as retail beef prices hovered near record levels. Tyson Foods, Cargill, the JBS USA unit of Brazil’s JBS and National Beef Packing […] Read more

Crops

Canada clears Bayer’s Monsanto play, with conditions

By Country Guide Staff May 31, 2018

Reading Time: 3 minutes Canada’s Competition Bureau says it’s “actively reviewing” BASF’s suitability as a buyer of the crop seed and chemical assets Bayer has to sell to get the bureau’s blessing to buy Monsanto. The Competition Bureau said Wednesday it has an agreement with Bayer to deal with “concerns that the proposed transaction would have significantly harmed competition […] Read more

Crops, Reuters

Bayer wins U.S. nod for Monsanto deal to create ag giant

By diane-bartz, Ludwig Burger May 29, 2018

Reading Time: 2 minutes Frankfurt/Washington | Reuters — Bayer won U.S. approval for its planned takeover of Monsanto after agreeing to sell about US$9 billion in assets, clearing a major hurdle for the US$62.5 billion deal that will create by far the largest seeds and pesticides maker. Makan Delrahim, who heads the U.S. Justice Department’s (DoJ) antitrust division, said […] Read more

Crops, Machinery, Reuters

Bayer to sell digital farming business to BASF

By Ludwig Burger April 11, 2018

Reading Time: 2 minutes Frankfurt | Reuters — Germany’s Bayer plans to sell its digital farming business to BASF as part of changes to concessions it has offered to win over antitrust regulators for its proposed takeover of Monsanto . Bayer, which had previously only agreed to grant a licence to competitors, said on Wednesday that as part of […] Read more

First of four vessels arrives in Churchill

Prairie cash wheat: Bids mixed, reacting to futures and loonie

Little variation seen in global grain supply and demand data

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