New York v. Kraft General Foods, 862 F.Supp. 1030, 1993-1 Trade Cases P 70,284

Kraft acquired Nabisco’s ready-to-eat cereal assets for approximately 405 million dollars. The New York Attorney General’s Office brought suit to have the acquisition declared unlawful. The Attorney General’s Office argued that the acquisition would eliminate competition between Kraft and Nabisco and significantly reduced competition in the ready-to-eat cereal market. New York sought to have the acquisition declared unlawful. After trial, the claim was dismissed. The judge held the evidence was insufficient to show that the acquisition would substantially lessen competition

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