29th Nov 2016 09:23
LONDON (Alliance News) - Convenience foods company Greencore Group PLC on Tuesday said it has secured US competition approval for its takeover of Peacock Foods.
Earlier this month, Greencore said it will buy Peacock, a US convenience foods maker, for USD747.5 million.
On Tuesday, Greencore said the US Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, satisfying one of the conditions for completing the deal.
Shares in Greencore were up 0.8% to 297.00 pence on Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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