Under the terms of a deal reached Friday, Pacific Seafood must attempt over the next six months to sell market to a surimi plant in Newport, Oregon, it hopes to eventually buy from Trident Seafood.
The unusual stipulation is part of an agreement reached with Oregon regulators. If no viable buyer comes forward, Pacific will be able to go ahead and purchase the plant.
Pacific Seafood, which was approached by Trident earlier this year to acquire the plant, asked regulators to give it assurances that if it buys the plant, the state would not seek antitrust action against the deal.
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