Ralcorp takeover of Kraft's Post cereals clears antitrust hurdle

martedì 29 gennaio 2008 20:00

Jan 29 (Reuters) - Store brand foods supplier Ralcorp Holdings Inc RAH.N said its proposed $2.6 billion acquisition of the Post cereals business from Kraft Foods Inc KFT.N cleared an antitrust hurdle.

The company said the U.S. Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Act.

Ralcorp has also received clearance from Canada's Competition Bureau, the company said in a statement. (Reporting by Neetha Mahadevan in Bangalore; Editing by Jarshad Kakkrakandy)