Tyson Foods Inc.’s offer to buy Hillshire Brands Co. has hit a snag – a request from the anti-trust regulators in the U.S. Justice Department for more information.
As a result, Tyson has extended its offer of $63 per share to Aug. 19.
The companies say the anti-trust concerns relate to a minor part of the deal.
They still intend to close the $7.7-billion deal by Sept. 27.
Makes one wonder just how big companies need to get.