Smucker's $285M Deal For Conagra's Wesson Draws FTC Fire

Law360 (March 5, 2018, 4:35 PM EST) -- The Federal Trade Commission sued Monday to keep J.M. Smucker Co. from forging ahead with its $285 million plan to buy the Wesson cooking oil line from Conagra Brands Inc., saying the combination would allow the company to hike prices.

The watchdog filed an administrative complaint maintaining that the deal would leave Smucker with at least 70 percent of the market for branded canola and vegetable oil sold to retailers. (AP) The watchdog filed an administrative complaint maintaining that the deal would leave Smucker with at least 70 percent of the market for branded canola and vegetable oil sold to retailers,...

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