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Bloomberg reports that CVS Caremark said yesterday that the federal Trade Commission (FTC) is investigating some of its business practices, though specifics of the probe were not disclosed by either party.

• The merger of Utz Quality Foods with Snyder’s of Hanover apparently has been called off, after Utz management decided to pull out of the deal after the federal Trade Commission (FTC) signaled that it would be a protracted approval process.

"While we were excited by the prospect of merging with Snyder's of Hanover, we knew that participating in another FTC request would put a strain on our company and ultimately distract us from what we are here to do every day, which is to provide high-quality snacks to our customers and serve our community," said Michael W. Rice, Utz’s chairman/CEO, in a prepared statement.
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