A US district court in Delaware has thwarted attempts by the Department of Justice (DOJ) to block a sugar industry mega-deal it argued would create a "cozy duopoly": US Sugar’s proposed acquisition of rival Imperial Sugar.
The Department of Justice’s bid to block a sugar industry mega-deal - US Sugar’s proposed acquisition of rival Imperial Sugar - is “based on a static, contrived, and internally inconsistent view of how competition for the sale of refined sugar occurs...
Sugar giant US Sugar says it “fully intends to litigate” to prove its proposed deal to acquire rival Imperial Sugar will not result in higher prices and harm sugar buyers after the Department of Justice (DOJ) filed an anti-trust lawsuit in a bid to block...