The Federal Trade Commission met today in closed session to consider an enforcement action against the proposed acquisition by General Mills, Inc. of The Pillsbury Company from Diageo plc.
The Commission considered whether to direct staff to formulate a proposed consent agreement incorporating the latest settlement terms offered by the parties. The Commission's 2 -2 vote resulted in no action being taken at this time. The Commission also considered whether to authorize staff to seek a preliminary injunction. Again, the Commission's 2 - 2 vote resulted in no action being taken at this time. Statements by individual Commissioners will follow.
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