FTC seeks to prevent acquisition between competitors in the offshore oil and gas exploration and production waste disposal industry | Practical Law

FTC seeks to prevent acquisition between competitors in the offshore oil and gas exploration and production waste disposal industry | Practical Law

On 23 October 2008, the US Federal Trade Commission (FTC) announced that it had voted unanimously to issue an administrative complaint challenging CCS Corporation's (CCS) US$85 million acquisition of Newpark Environmental Services (Newpark). The FTC also voted unanimously to authorise the FTC staff to file a temporary restraining order and a preliminary injunction in federal district court in order to preserve competition between CCS and Newpark until the FTC could hold an administrative trial.

FTC seeks to prevent acquisition between competitors in the offshore oil and gas exploration and production waste disposal industry

by Practical Law
Published on 03 Nov 2008 • USA (National/Federal)
On 23 October 2008, the US Federal Trade Commission (FTC) announced that it had voted unanimously to issue an administrative complaint challenging CCS Corporation's (CCS) US$85 million acquisition of Newpark Environmental Services (Newpark). The FTC also voted unanimously to authorise the FTC staff to file a temporary restraining order and a preliminary injunction in federal district court in order to preserve competition between CCS and Newpark until the FTC could hold an administrative trial.