Philippines' San Miguel Corp. likely to acquire National Foods

New Zealand-based Fonterra Corporate Group Ltd. halted a three-month fight to acquire National Foods Ltd., clearing the way for Manila-based San Miguel Corp. to purchase the company for $1.5 billion.  San Miguel's acquisition of the Australian marketer of Pura and Big M milk, King Island cheeses, Yoplait yogurt and Fruche desserts would transform the company into a major player in the Asian-Pacific market.

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