CANADA: Cott Corp's Macaw acquisition clears first hurdle
Cott Corp. said today (28 March) that its acquisition of UK soft drinks group Macaw had received provisional clearance from the UK's Competition Commission.
"This is excellent news for Cott," said John Sheppard, the company's president and CEO. "We continue to expect that our acquisition of Macaw will receive final clearance in May and we look forward to formally bringing the business into the Cott family."
Canadian soft drinks group Cott acquired Macaw Soft Drinks, a privately-owned manufacturer of retailer brand soft drinks last August for around US$135m.
The Competition Commission is expected to issue its final report by 15 May, Cott said.
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