Justice Department Sues to Block U.S. Sugar’s Proposed Acquisition of Imperial Sugar* Acquisition Would Eliminate Significant Refined Sugar Producer in the Southeastern United States The Department of Justice filed a civil antitrust lawsuit today to stop United States Sugar Corporation (U.S. Sugar) from acquiring its rival, Imperial Sugar Company (Imperial Sugar). The complaint, filed in the U.S. District Court for the District of Delaware, alleges that the transaction would leave an overwhelming majority of refined sugar sales across the Southeast in the hands of only two producers. As a result, American businesses and consumers would pay more for refined sugar, a significant input for many foods and beverages. “Robust
Share on
|
|
The US DoJ prohibits the merger between two national sugar producers (U.S. Sugar / Imperial Sugar)
Access to this article is restricted to subscribers
Already Subscribed? Sign-in
Access to this article is restricted to subscribers.
Read one article for free
Sign-up to read this article for free and discover our services.
