The Competition Tribunal on Wednesday approved the merger between Milco South Africa (SA) and Clover Industries, subject to a range of employment, local procurement of bulk juice concentrate, and information sharing conditions. Clover in February announced that it had received a buyout offer of R25 a share from Milco SA, a new company established by a consortium of investors and the management of Clover. The offer valued Clover at about R4.8-billion.
