Mars will acquire significant portions of Procter & Gamble’s pet food business when it purchases Iams, Eukanuba and Natura brands for $2.9 billion in cash. The transaction is expected to be complete in the second half of 2014 and is subject to regulatory approval. CONNECT WITH SN ON TWITTER Follow @SN_News for updates throughout the day. “We view the addition of the Iams, Eukanuba and Natura brands as exceptionally strategic,” said Todd Lachman, Mars Petcare ...

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