SWITZERLAND: Nestle - concessions should secure Ralston Purina - COMMENT (Members)
Nestle plans to sell some subsidiaries to meet competition concerns over the Ralston Purina deal. Nestle hopes that selling assets in Spain, Greece and Italy will appease regulatory concerns that its proposed purchase of Ralston Purina would give it too much control over the pet food market. The surprise offer, reflecting the changing climate for mega-mergers, should be sufficient to win competition watchdogs' approval.
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