Hicks, Muse, Tate & Furst; Pinnacle Foods Corporation; Philip Morris Companies, Inc.; and Kraft Foods North America, Inc., FTC

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FTC v. Hicks, Muse, Tate & Furst; Pinnacle Foods Corporation; Philip Morris Companies, Inc.; and Kraft Foods North America, Inc..
FTC Matter/File Number:

021 0150

Enforcement Type:

Federal Injunctions

Federal Court:
District of Columbia

Case Summary

The Commission authorized staff to seek a preliminary injunction to block the proposed acquisition of Claussen Pickle Company by Hicks, Muse, Tate & Furst Equity Fund V L.P., the owner of Vlasic Pickle Company on grounds that the transaction would combine the dominant firm in the market for refrigerated pickles (Claussen) with its most significant competitor in refrigerated pickles (Vlasic). Six days after the complaint was filed in federal district court, the parties abandoned the transaction.