The Federal Trade Commission gave antitrust clearance for the Performance Food Group to carry out its proposed acquisition of Quality Foods Inc yesterday [Wednesday].
Foodservice distributor Performance Food agreed to purchase its sector rival in April for a deal valued at US$95m, including cash and the assumption of debt.
The agency revealed that it has granted the companies early termination of the waiting period required under the Hart-Scott-Rodino Antitrust Improvements Act.
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