Heinz, Kraft announce Hart-Scott-Rodino wait period end

Heinz and Kraft’s waiting period under 1976’s Hart-Scott-Rodino Antitrust Improvements Act (HSR Act) has expired for their proposed merger, according to the companies.

The HSR Act waiting period’s expiration satisfies a condition to the transaction’s closing, which remains subject to approval by Kraft shareholders and antitrust clearance in Canada.

Kraft will hold a special shareholders meeting to vote on the merger on July 1.

Source: Kraft

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