Greencore Group has been given US anti-turst clearance for its pending acquisition of Peacock Foods which was announced on 14 November.
Greencore says it received notice yesterday from the US Federal Trade Commission that early termination has been granted, effective immediately, of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
The early termination of the waiting period under the HSR Act satisfies one of the conditions to the closing of the transaction, which remains subject to other customary closing conditions.
At 9:28am: (LON:GNC) Greencore Group PLC share price was +2.25p at 296.85p
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