Just as signs of life are emerging from the deal market with credit thawing and companies peeking out from their protective shells, Utz Quality Foods pulled out of a deal to be acquired by Snyder's of Hanover after the FTC requested more details from the company in a second round of information-gathering done as the commission reviewed the deal for approval. The collapse of the deal raises questions about whether an increased regulatory climate could stall the comeback of corporate unions.
November 17, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Just as signs of life are emerging from the deal market with credit thawing and companies peeking out from their protective shells, word came two weeks ago that one deal was thwarted over additional requests from the Federal Trade Commission.
Snack maker Utz Quality Foods pulled out of a deal to be acquired by Snyder’s of Hanover after the FTC requested more detailed information from the company in a second round of information gathering done as the commission reviewed the deal for approval.
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