McCain Foods Offers EU Antitrust Fixes On Lutosa Buy

Law360, New York (May 6, 2013, 7:05 PM EDT) -- McCain Foods Ltd. and PinguinLutosa Food Group on Thursday offered the European Commission antitrust fixes for a deal to send Pinguin's €225 million ($294 million) Lutosa division to McCain food.

The European Union antitrust watchdog pushed back its deadline to review the deal until May 28 as a result of the commitment offer. The EC didn't provide additional details about the proposed fixes, and representatives for McCain and Lutosa were not immediately available for comment Monday.

Announced in October, the deal calls for Pinguin's Lutosa unit...
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