Cargill merger approved with conditions

Programs & Series | MPR News Feature | Types | Reports | Topics | Finance & Economy |
July 9, 1999
Bill Catlin - Reporter
Listen: Cargill merger approved with conditions
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The US Justice department has approved Cargill's purchase of arch rival Continental Grain Company's grain business. To win that approval Cargill agreed to sell grain handling facilities in 9 cities. The Justice department says the requirements are designed to prevent the combined companies from artificially lowering prices paid to farmers. Critics have said the acquisition would give Cargill too much power in the market.

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