Watchdogs Ask Feds to Block Ardent Mills
DENVER (AP) — Watchdog groups are asking the U.S. Justice Department to block the formation of what would be the nation's largest flour mill in Colorado.
The Denver Post reports that the American Antitrust Institute and Food & Water Watch filed objections to Arden Mills on Tuesday. It's a proposed joint venture of ConAgra Foods Inc., Cargill and CHS Inc. and would be headquartered in the Denver area.
The merger is undergoing an antitrust investigation by the Justice Department.
Gov. John Hickenlooper talked about the efforts to lure Ardent Mills to Colorado during his State of the State address and said it would be a boost for rural communities.
The American Antitrust Institute thinks the joint venture could lower prices paid to wheat farmers and raise prices for consumers.