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Smithfield, Premium Standard Farms receive federal antitrust information request

Agriculture.com Staff 11/07/2006 @ 9:00am

Smithfield Foods, Inc.and Premium Standard Farms, Inc. yesterday announced that each has received a request for additional information, commonly referred to as a Second Request, from the Antitrust Division of the U.S. Department of Justice (DOJ) in connection with Smithfield’s pending acquisition of PSF.

The Second Request was issued under notification requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (HSR Act).

The effect of the Second Request is to extend the waiting period imposed by the HSR Act until 30 days after Smithfield and PSF have substantially complied with the Second Request, unless that period is extended voluntarily by the parties or terminated sooner by the DOJ.

The companies intend to respond expeditiously to the Second Request and to work towards a prompt closing, which they are hopeful will occur in the first calendar quarter of 2007.

Smithfield Foods, Inc.and Premium Standard Farms, Inc. yesterday announced that each has received a request for additional information, commonly referred to as a Second Request, from the Antitrust Division of the U.S. Department of Justice (DOJ) in connection with Smithfield’s pending acquisition of PSF.

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