Senator Elizabeth Warren, backed by some dozen other U.S. lawmakers, told the Justice Department that a plan to merge chicken producer Sanderson Farms with smaller rival Wayne Farms 'raises significant antitrust concerns.'
In the letter, sent on Wednesday to Jonathan Kanter, head of the department's Antitrust Division, Warren, Representative Mondaire Jones and others said the poultry industry has a history of colluding to fix prices for consumers.
"This mega merger, in a sector already plagued with consolidation and illegal behaviors that harm farmers and consumers alike, represents a new threat to building a competitive agricultural industry," the lawmakers wrote. "We respectfully urge the DOJ to scrutinize the proposed Sanderson-Wayne transaction to determine whether it violates the antitrust laws, and the DOJ should oppose the merger if it does.
"This new company plans to pursue new investments to expand its operations, creating new high-quality jobs, and benefiting local communities in seven U.S. states," they said in a statement.
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