July 05, 2013 at 13:46 PM EDT
Justice Dept., States Probing ConAgra Joint Venture
A joint venture proposed by ConAgra Foods (CAG), Cargill and CHS is being investigated not only by the Justice Department but by individual states, according to a report by Reuters on Wednesday. The deal to create Ardent Mills was announced March 5, but regulators are probing the joint venture for antitrust concerns, as the venture would expand the largest domestic flour miller's reach to controlling a third of U.S. capacity. ConAgra shares fell
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