date:Jan 15, 2013
The Canadian Competition Bureau has confirmed that it does not intend to challenge US-based ConAgra Foods acquisition of Ralcorp for $6.8bn.
This decision by the agency satisfies one of the conditions for the completion of the transaction. However, the deal remains subject to certain other closing conditions, including approval by Ralcorp's shareholders.
The acquisition of Ralcorp by ConAgra Foods will create one of the largest packaged food companies in North America, with annual sales of aro