CNN —
Shares of Cal-Maine Foods, the largest U.S. egg producer, fell in after-hours trading Tuesday after the company acknowledged it is being investigated by the antitrust division of the U.S. Department of Justice.
Ridgeland, Mississippi-based Cal-Maine said it received notice of the investigation into egg price increases last month. Cal-Maine said it is cooperating with the investigation.
The company’s shares fell more than 4% in after-hours trading.
Egg prices have hit record highs in recent months, largely due to a bird flu epidemic that has forced farmers to slaughter more than
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