Ralcorp Wins FTC OK For American Italian Pasta Buy

Law360, New York (July 6, 2010, 5:44 PM EDT) -- The Federal Trade Commission has given the green light to Ralcorp Holding Inc.'s $1.2 billion acquisition of American Italian Pasta Co., a deal that faces court challenges by pension plans and at least one shareholder.

Ralcorp announced the approval Tuesday, saying the FTC granted it an early end to the waiting period required under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

A representative for Ralcorp could not be reached for comment on the FTC's approval.

On June 27, a Pennsylvania public employee retirement group launched the...
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