Greencore cuts waiting time on acquisition

Irish food company Greencore has been granted early termination of the applicable waiting period for the company’s pending acquisition of Peacock Foods from the US federal Trade commission.

The early termination, effective immediately, of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 satisfies one of the conditions to the closing of the transaction, which remains subject to other customary closing conditions.

The share price rose 0.51% to 296.10p at 09478 GMT on Tuesday.