Skip to Content

Judge rejects Justice Dept.’s bid to stop sugar merger

KVIA

By MICHAEL BALSAMO
Associated Press

WASHINGTON (AP) — A federal judge has rejected the Justice Department’s bid to block a major U.S. sugar manufacturer from acquiring its rival, clearing the way for the acquisition to proceed. The ruling was handed down Friday by a federal judge in Wilmington, Delaware. It comes months after the Justice Department sued to try to halt the deal between U.S. Sugar and Imperial Sugar Company, one of the largest sugar refiners in the nation. The government had argued that allowing the acquisition to go through would be harmful to consumers and anticompetitive. U.S. Sugar has argued that the acquisition will increase production and distribution of refined sugar and provide a more secure supply.

Article Topic Follows: AP National Business

Associated Press

BE PART OF THE CONVERSATION

KVIA ABC 7 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content