Deals
U.S. Sues to Block Louis Dreyfus Deal to Sell Imperial Sugar
- Deal to leave 75% of southeast U.S. sugar sales to two firms
- Lawsuit is DOJ’s latest amid tougher antitrust enforcement
Photographer: Vincent Mundy/Bloomberg
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U.S. antitrust officials sued to block Louis Dreyfus Co.’s deal to sell its Imperial Sugar unit to closely-held U.S. Sugar.
The Justice Department said in a statement Tuesday that the tie-up would leave 75% of refined sugar sales across the Southeast in the hands of just two mega-producers, leading to higher prices.