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Many risk arbitrageurs believe Nestli SA has presented a buyer to the Federal Trade Commission for the pet-food assets it must sell to win antitrust approval of its $10.4 billion acquisition of Ralston Purina. If FTC staff conducts due diligence of a buyer for Meow Mix and the other brands Nestli must sell, the process will probably stretch out for four to six weeks, arbitrageurs surmise.
October 02, 2001 at 12:00 AM
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The original version of this story was published on Law.Com
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