Updates regarding cancellation of 7-Eleven's acquisition of Speedway gas stations, Huntington Bancshares Inc's proposed acquisition of TCF bank, and indictment of Claxton Poultry for attempts to fix prices, recent antitrust litigation, COFECE updates from Mexio, and more.
Lehigh Cement Co.'s $151 million plan to acquire one of its largest rivals in the cement market went bust Friday after the Federal Trade Commission challenged the proposed deal and raised concerns the merger would harm regional competition in the nearby gray portland cement market.
The Federal Trade Commission on Friday announced that Lehigh Cement Co. and rival Keystone Cement Co. have decided to abandon their proposed merger. The news comes about two weeks after the FTC said it was challenging Lehigh Cement’s planned $151 million acquisition of Keystone Cement, which has a plant straddling East Allen Township and Bath.