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US: General Mills gets green light for Annie’s takeover

 |  October 7, 2014

Food conglomerate General Mills has reportedly received clearance from the US Federal Trade Commission for its latest takeover.

The company first announced earlier this year plans to acquire pasta brand Annie’s at $46 per share. General Mills said this month that the FTC has granted an early termination of the waiting period of the merger review, thus approving the transaction.

The deal remains subject to other conditions, the company said, but the merger is expected to close later this month.

Full content: Benzinga

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