U.S. senators seek review of Marfrig's deal to buy National Beef [Reuters]
Monument Circle Acquisition Corp. - Class A (MON)
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Source: Reuters
U.S. senators seek review of Marfrig's deal to buy National Beef | Reuters 3 Min Read CHICAGO (Reuters) - Four U.S. senators asked a national security panel on Tuesday to review whether Marfrig Global Foods SA’s ( MRFG3.SA ) planned $969 million acquisition of Missouri-based National Beef Packing Co [NBEEF.UL] threatens the safety of the U.S. food supply. The farm state legislators, who are members of the U.S. Senate’s Agriculture Committee, said in a letter to Treasury Secretary Steven Mnuchin that they were concerned Brazil-based Marfrig was seeking to buy National Beef after the United States last year banned imports of fresh Brazilian beef over safety concerns. Senators Charles Grassley and Joni Ernst of Iowa, Debbie Stabenow of Michigan and Sherrod Brown of Ohio requested that the Committee on Foreign Investment in the United States (CFIUS), which is overseen by the Treasury, review the deal. It follows a string of other acquisitions of U.S. food and farm businesses by foreign
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