UPPER SADDLE RIVER, N.J. — The number of food industry mergers was down about 21% in 2012, compared with 2011, according to The Food Institute here — an indication "of how temperate the environment was for mergers and acquisitions," it noted. "Fiscal uncertainty and frustration with Washington politics created a hesitant approach to M&A among investment firms and private capital in 2012, as the market reacted strongly to news of breakthroughs or impasses in ...

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