Reuters: Regulatory News: Australia watchdog reviewing Heinz buyout of Rafferty's

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Australia watchdog reviewing Heinz buyout of Rafferty's Oct 30th 2012, 01:16 MELBOURNE | Mon Oct 29, 2012 9:16pm EDT MELBOURNE Oct 30 (Reuters) - Australia's competition regulator said it will review a proposed takeover by H.J. Heinz Co of organic baby food supplier Rafferty's Garden Pty Ltd, which is owned by private equity firm Anacacia Capital. Anacacia invested in Rafferty's in 2010, backing a management buyout of the company which says it is the second-largest baby-food business in Australia with a 30 percent market share. Rafferty's says it sells through 2,000 stores and exports to 10 countries, mainly in South-East Asia. Rafferty's revenues grew fourfold in the past two years, despite the high currency, Anacacia has said. The Australian Competition and Consumer Commission said it plans to announce a decision on Dec. 6.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions