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Tyson Foods says it clears SEC probe on alleged chicken pricing
August 25, 2017 / 2:26 PM / 24 days ago

Tyson Foods says it clears SEC probe on alleged chicken pricing

Tyson Foods brand frozen chicken wings are pictured in a grocery store freezer in the Manhattan borough of New York City, U.S. May 11, 2017. REUTERS/Carlo Allegri

(This version of the Aug. 25 story, corrects to remove reference to Pilgrim’s Pride and Sanderson Farms receiving subpoenas from the SEC in paragraph 3)

(Reuters) - Meat processor Tyson Foods Inc (TSN.N) said U.S regulators have not recommended any enforcement action after they concluded a probe related to allegations the company fixed chicken prices along with its peers for years.

The No. 1 U.S. meat processor and a handful of other large meat companies have been accused of antitrust violations relating to the pricing, production of broiler chicken and compensation to farmers.

Tyson received a subpoena from the U.S. Securities and Exchange Commission on Jan. 20 after U.S. poultry buyers filed a lawsuit last year.

Reporting by Gayathree Ganesan in Bengaluru; Editing by Maju Samuel

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