Iowa Senator Chuck Grassley who earlier voiced concerns over the sale of Smithfield Foods to a Chinese company says the Justice Department won’t investigate it. He wrote DOJ about his concerns of anti competition problems from such a deal and heard back from the agency this week.
Grassley says that means there’s nothing to stop the sale unless Smithfield Shareholders turn it down at their upcoming meeting later this month. He says he’ll continue keeping on top of this situation in order to try and protect America’s producers.
Smithfield Shareholders are due to meet September 24.