Tribunal approves Premier's buyout of Mister Sweet, with conditions

The Competition Tribunal has approved the acquisition by consumer goods manufacturer Premier of confectionery manufacturer Mister Sweet with the condition that it fill vacated nonexecutive roles with the 19 employees facing retrenchment. The merger parties had previously agreed to a moratorium on the retrenchment of 19 nonexecutive employees for a period of 24 months after the merger implementation date.