Florida probes Tyson Foods, Pilgrim’s Pride on chicken pricing | Reuters

Top U.S. chicken companies Tyson Foods Inc (TSN.N) and Pilgrim’s Pride Corp (PPC.O) said on Monday that Florida’s attorney general sought information from them regarding a probe into possible anticompetitive behavior, widening a legal review into chicken pricing.

Florida Attorney General Pam Bondi’s office has opened an investigation into allegations made in civil lawsuits, filed last year in federal court in Chicago, that Tyson and other chicken processors conspired to fix prices, Tyson spokesman Gary Mickelson said.

Shares of Tyson, the No. 1 U.S. meat processor, fell 6 percent to $59.48 after it reported a slump in quarterly profits. It also disclosed that Bondi’s office had requested information from the company through a “civil investigative demand.”

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Florida probes Tyson Foods, Pilgrim’s Pride on chicken pricing | Reuters.