Major consumer electronics manufacturers Panasonic Corporation and Sanyo Electric Co., Ltd. have agreed to sell assets related to Sanyo’s portable nickel metal hydride (NiMH) battery business, including a premier manufacturing plant in Japan, as part of an agreement with the Federal Trade Commission that will preserve competition and allow the companies to proceed with Panasonic’s […]
Tag Archives: Bureau of Competition Competition
Statement of Bureau of Competition Director Richard Feinstein Regarding the Announcement that Google CEO Eric Schmidt Has Resigned from Apple’s Board
On August 3, 2009, Apple announced that Eric E. Schmidt, Chief Executive Officer of Google, was stepping down from its board. “We have been investigating the Google/Apple interlocking directorates issue for some time and commend them for recognizing that sharing directors raises competitive issues, as Google and Apple increasingly compete with each other,” said Bureau […]
Statement of the FTC’s Bureau of Competition Regarding the Announcement that Oldcastle Architectural, Inc. Will Not Proceed with its Proposed Acquisition of the Pavestone Companies
Following the Federal Trade Commission’s filing of a lawsuit to block the transaction, CRH plc, the parent company of Oldcastle Architectural, Inc., announced on January 14, 2009, that it will not proceed with its proposed $540 million acquisition of Pavestone Company, LP. The announcement states that CRH plc has withdrawn its premerger notification filing for […]
Statement of FTC’s Bureau of Competition Regarding Announcement That Herff Jones and American Achievement Group Have Terminated Their Acquisition Agreement
Herff Jones and American Achievement Group Holding Corp., the parent company of American Achievement Corporation (AAC), announced on December 5, 2008, that their acquisition agreement has been mutually terminated because the parties did not obtain the required regulatory approvals necessary to complete the transaction. “Staff of the Bureau of Competition had been investigating the proposed […]
Statement of FTC’s Bureau of Competition Regarding Announcement That Herff Jones and American Achievement Group Have Terminated Their Acquisition Agreement
Herff Jones and American Achievement Group Holding Corp., the parent company of American Achievement Corporation (AAC), announced on December 5, 2008, that their acquisition agreement has been mutually terminated because the parties did not obtain the required regulatory approvals necessary to complete the transaction. “Staff of the Bureau of Competition had been investigating the proposed […]
Statement of FTC’s Bureau of Competition Regarding Announcement that Parties Have Terminated the Agreement for CCS Corporation to Acquire Newpark Environmental Services
Newpark Resources announced today that it has agreed to cancel its proposed $85 million sale of its Newpark Environmental Services business to CCS Corporation. This follows the October 23, 2008 announcement that the FTC would seek to block the proposed acquisition by filing suit in federal district court to halt the merger, pending a full […]