FTC imposes conditions on acquisition by Keystone of Saint-Gobain's Advanced Ceramics Business | Practical Law

FTC imposes conditions on acquisition by Keystone of Saint-Gobain's Advanced Ceramics Business | Practical Law

On 29 December 2010, the US Federal Trade Commission (FTC) announced that, as a condition to approving the restructured acquisition by Keystone Holdings LLC (Keystone) of Compagnie de Saint-Gobain's (Saint-Gobain) Advanced Ceramics Business, Keystone must obtain prior approval from the FTC before acquiring Saint-Gobain's North American alumina wear tile business. The FTC's proposed Consent Order also requires Saint-Gobain to notify the FTC before it sells its North American alumina wear tile business.

FTC imposes conditions on acquisition by Keystone of Saint-Gobain's Advanced Ceramics Business

by Practical Law
Law stated as at 29 Dec 2010 • USA (National/Federal)
On 29 December 2010, the US Federal Trade Commission (FTC) announced that, as a condition to approving the restructured acquisition by Keystone Holdings LLC (Keystone) of Compagnie de Saint-Gobain's (Saint-Gobain) Advanced Ceramics Business, Keystone must obtain prior approval from the FTC before acquiring Saint-Gobain's North American alumina wear tile business. The FTC's proposed Consent Order also requires Saint-Gobain to notify the FTC before it sells its North American alumina wear tile business.