“The FTC unanimously voted to challenge this deal because it was likely to lead to higher prices and reduced quality for private label ready-to-eat cereals. Households across America have benefitted from robust competition between Post and TreeHouse, and they will continue to do so now that this merger has been abandoned.” On Dec. 19, 2019, […]
Tag Archives: Food and Beverages Bureau of Competition Competition Merger Horizontal
FTC Alleges Post Holdings, Inc.’s Proposed Acquisition of TreeHouse Foods, Inc.’s Private Label Ready-to-Eat Cereal Business Will Harm Competition
Today the Federal Trade Commission filed an administrative complaint (a public version of which will be available and linked to this news release as soon as possible) challenging Post Holdings, Inc.’s proposed acquisition of TreeHouse Foods, Inc.’s private label ready-to-eat cereal business. Post and TreeHouse are two of only three significant manufacturers and distributors of […]
Statement of Ian Conner, Deputy Director of FTC Bureau of Competition, on J.M. Smucker Co.’s Decision to Drop Proposed Acquisition of Conagra Brands, Inc.
Following today’s announcement by J.M Smucker, Ian Conner, Deputy Director of the Bureau of Competition, made this statement: “Today’s announcement from Smucker and Conagra that they will abandon their proposed merger is good news for consumers across the United States because they will continue to reap the benefits of vigorous competition in the market for […]
FTC Challenges Proposed Acquisition of Conagra’s Wesson Cooking Oil Brand by Crisco owner, J.M. Smucker Co.
The Federal Trade Commission today filed an administrative complaint charging that J.M. Smucker Co.’s proposed $285 million acquisition of Conagra Brands, Inc.’s Wesson cooking oil brand “is likely ‘substantially to lessen competition, or to tend to create a monopoly’ in violation of the Clayton Act;” and thereby reduce competition in the United States for canola […]