date:Mar 26, 2014
The US Department of Justice (DOJ) has approved Mexican firm Grupo Bimbos proposed acquisition of Canada Bread, under the Hart-Scott-Rodino Act.
The move comes after the deal received approval from the Canadian Competition Bureau.
The transaction is still subject to certain regulatory and shareholder approvals, and is expected to be wrapped up in the second quarter of 2014.
In February, Grupo Bimbo signed a deal to acquire Canada Bread for C$1.83bn ($1.66bn).
Canada Bread is the bakery produ