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Cargill expects flour merger with ConAgra to be finalized in 6 to 8 weeks [April 16, 2014] WINNIPEG, Manitoba (Reuters) — Agribusiness company Cargill Inc <CARG.UL> expects its flour mill merger with ConAgra Foods Inc <CAG.N> to be resolved positively in six to eight weeks, Executive Chairman Greg Page said on Tuesday. |
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The combined entity, to be called Ardent Mills,
would join ConAgra with Horizon Milling LLC — a joint operation
between Cargill and U.S. farm cooperative CHS Inc <CHSCP.O>. The
proposed deal was announced in March 2013 and was initially
expected to be finalized late last year. The U.S. Justice Department's antitrust division was
investigating the merger that would result in Ardent Mills
controlling about a third of U.S. flour mill capacity. Page, speaking on the sidelines of the Canadian Global Crops
Symposium in Winnipeg, also said the United States should
require animal owners and veterinarians to report the presence
of a deadly pig virus, known as PEDv. (Reporting by Rod Nickel in Winnipeg, Manitoba; writing by Christine Stebbins in Chicago; editing by Matthew Lewis) [© 2014 Thomson Reuters. All rights reserved.] Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
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