Sugar Industry Acquisition Advances Amid DOJ Antitrust Objections: Third Circuit Decision’s Implications
On July 13, 2023, the Department of Justice’s (“DOJ”) objection to a major sugar industry acquisition met a stumbling block. The U.S. Court of Appeals for the Third Circuit declined to block the $315 million purchase of the Imperial Sugar Company (“Imperial”) by United States Sugar Corporation (“U.S. Sugar”). According to the DOJ, the merger…