GFM Network News

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Pilgrim’s Pride strikes deal over U.S. chicken price-fixing charges

Reuters — U.S. poultry company Pilgrim’s Pride Corp. said Wednesday it will pay a US$110.5 million fine after striking a plea deal with the Justice Department over price-fixing charges on chicken products. The guilty plea makes Pilgrim’s Pride, mostly owned by Brazilian meatpacker JBS, the first U.S. chicken company to reach an agreement with the […] Read more

(Stephen Ausmus photo courtesy ARS/USDA)

Tyson reveals subpoena linked to alleged price fixing

Reuters — Tyson Foods disclosed on Monday it has received a subpoena from the U.S. Securities and Exchange Commission following allegations it conspired with rivals for years to fix chicken prices. The chicken sector, which is dominated by a handful of large meat companies, has come under increased scrutiny over the past year as customers […] Read more


DuPont expects U.S. review of Dow deal to end by June 30

Reuters — DuPont said Tuesday it expected the U.S. Securities and Exchange Commission’s review of its proposed merger with Dow Chemical to be completed by the end of June. The two chemical companies agreed to combine in an all-stock merger in December, valued at US$130 billion at the time, in a first step towards breaking […] Read more

(Dave Bedard photo)

Monsanto to pay U.S. SEC settlement over Roundup earnings

Washington | Reuters — Monsanto will pay US$80 million to settle civil accounting violations after it allegedly misstated its earnings in connection with its top-selling Roundup product, U.S. securities regulators said Tuesday. The U.S. Securities and Exchange Commission (SEC) also said three accounting and sales executives have agreed to settle charges in connection with the […] Read more

Wayne Farms files for IPO

Reuters — Wayne Farms, the sixth-largest poultry producer in the U.S., has filed with U.S. regulators in an initial public offering of common stock. Wayne Farms is a subsidiary of Continental Grain, one of the largest privately-held corporations in the U.S. Citigroup, J.P. Morgan and BMO Capital Markets are underwriting the IPO, Wayne told the […] Read more