MILWAUKEE — Smithfield Foods Inc. said Thursday it has completed the sale of its beef business to Brazilian beef giant JBS SA.
The deal worth $565 million in cash received clearance by regulators on Monday when they said they wouldn't challenge the merger, which pairs Smithfield Beef Group Inc., the nation's fifth-largest beef producer, with JBS, the nation's third-largest beef producer.
The deal also means the company, which is the nation's largest pork producer, exits the beef business. Smithfield Foods owns Circle Four Farms in Utah.
Backcountry.com's CEO
It took a snow shovel for Jill Layfield to further know that she was at the right company.
Index falls
Utahns' confidence in the economy came down from a 16-month high in April as Index decreased 6.3 points.
Poor are more charitable
A 2009 national look at charitable giving by McClatchy Newspapers showed the poor give more.
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