J.M. Smucker Co., in a filing last week with the Securities and Exchange Commission, said it has received approval from U.S. regulators to proceed with its planned acquisition of International Multifoods Corp

Food & Drink Weekly, April 26, 2004

J.M. Smucker Co., in a filing last week with the Securities and Exchange Commission, said it has received approval from U.S. regulators to proceed with its planned acquisition of International Multifoods Corp. The company said a month-long waiting period specified by the Hart-Scott-Rodino Antitrust Improvements Act of 1976 expired April 16 without additional requests for information by the U.S.

Justice Department or the Federal Trade Commission. As a result, the company said the conditions set forth in the transaction agreement have satisfied all U.S. and Canadian antitrust authorities. Shareholders of both companies still must approve the proposed $840 million deal. Pending those approvals, it's likely the transaction will conclude in June as scheduled.