Aussie Antitrust Agency Objects To Heinz Baby Food Co. Buy

Law360, New York (June 6, 2013, 3:02 PM EDT) -- Australia's competition authority said Thursday it would oppose H.J. Heinz Co.'s planned acquisition of baby food maker Rafferty's Garden Pty. Ltd. from private equity firm Anacacia Capital Pty. Ltd., finding a combined company would dominate the Australian market for sales of infant food.

The Australian Competition & Consumer Commission said in a statement that Heinz's proposed purchase of Rafferty's Garden would unite Australia's two largest suppliers of wet and dry infant food. The merged entity would account for about 80 percent of sales in the wet...
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