ConAgra Foods’ proposed flour milling joint venture will close later than first expected.
The Ardent Mills venture is now expected to close in the first three months of the 2014 calendar year rather than in late 2013, the Omaha food manufacturer said in a Monday regulatory filing. ConAgra said it revised the timeline because of “the ongoing regulatory review process and discussions with the U.S. Department of Justice.”
The Justice Department’s antitrust division said in July it is investigating the proposed joint venture. The venture, announced in March, would combine the flour milling operations of Omaha-based ConAgra Mills and Horizon Milling, which is a joint venture of Minnesota-based Cargill and CHS Inc., a St. Paul, Minn., agribusiness.
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