ConAgra-Ralcorp Go-ahead for Takeover15 January 2013
US - US meat and food processor ConAgra Foods and Ralcorp Holdings have been given the go-ahead for the previously annouced take-over.
The companies have received a “no-action letter” from the Canadian Competition Bureau confirming that the Commissioner of Competition does not intend to challenge ConAgra Foods’ acquisition of Ralcorp.
The receipt of the “no-action letter” satisfies one of the conditions for th deal to go ahead.
The transaction remains subject to certain other closing conditions, including approval by Ralcorp’s shareholders.
TheMeatSite News Desk