On 19 August 2011, the OFT published its decision to seek undertakings in lieu of referring the acquisition to the CC under the Enterprise Act 2002. In order to address the identified competition concerns, the parties will need to divest Premier’s Fray Bentos brand and certain pie manufacturing assets. The OFT will require the identification of an up-front buyer and will “only accept the undertakings, following consultation, when Princes has agreed to a provisional sale with a purchaser who has the necessary finance, expertise and business plans to acquire the brand and continue the sale of canned food products under the Fray Bentos brand.” Read more.