US marketer, producer and distributor of fresh and processed foods Chiquita Brands International and vegetable processing company Seneca Foods Corporation have announced that they have received regulatory clearance to proceed with the previously announced sale of Chiquita’s vegetable canning subsidiary, Chiquita Processed Foods, to Seneca.
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This results from the expiration of the 30-day waiting period required under the Hart-Scott-Rodino Antitrust Improvements Act. The parties expect to close the sale during the second quarter upon completion of Seneca’s financing arrangements for the transaction.
