FTC requires divestitures in BASF's proposed acquisition of Ciba | Practical Law

FTC requires divestitures in BASF's proposed acquisition of Ciba | Practical Law

On 2 April 2009, the US Federal Trade Commission (FTC) announced that it had entered into a proposed consent agreement with chemical company BASF SE (BASF) over BASF's proposed acquisition of competitor Ciba Holding Inc. (Ciba). The proposed consent agreement addresses the FTC's concern that the acquisition would harm the global market for two high-performance pigments.

FTC requires divestitures in BASF's proposed acquisition of Ciba

Practical Law UK Legal Update 3-386-0279 (Approx. 3 pages)

FTC requires divestitures in BASF's proposed acquisition of Ciba

by Practical Law
Law stated as at 02 Apr 2009 • USA (National/Federal)
On 2 April 2009, the US Federal Trade Commission (FTC) announced that it had entered into a proposed consent agreement with chemical company BASF SE (BASF) over BASF's proposed acquisition of competitor Ciba Holding Inc. (Ciba). The proposed consent agreement addresses the FTC's concern that the acquisition would harm the global market for two high-performance pigments.