Summary
McCormick deal FTC OK
McCormick & Co. Inc., of Sparks, an international producer of spices, seasonings, flavorings and specialty foods, said it received conditional approval from the Federal Trade Commission for its $604 million buyout of marinade and seasoning maker Lawry's from a subsidiary of Great Britain's Unilever PLC. As a condition, regulators demanded that McCormick shed its Season-All business. The company said it has an agreement to sell the business to the Morton Salt Group, part of Chicago-based Morton International, for about $15 million in cash. McCormick said it expects to complete the Lawry's purchase by Thursday. The deal was announced in November.See the full content of this document
Extract
The Daily Record News Briefs: July 31, 2008
Hanger sees increased profit
Hanger Orthopedic Group Inc., of Bethesda, a provider of orthotic and prosthetic patient care services, said second-quarter net income rose to $8 million, or 25 cents per diluted share, compared to net income of $5.1 million, or 17 cents per diluted share, for the year- ago period. Revenue rose to $181.2 million from $160.4 million for ...See the full content of this document
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