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May 30, 2002

USA: Antitrust OK for Performance Food buy of Quality Foods

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 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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