FTC takes on Lubrizol (Dealscape

On Thursday, the Federal Trade Commission announced -- for the fourth time in six months -- that it is contesting a completed merger. This one, at $15.6 million, is again well below the federal filing threshold mandate of about $70 million.

Lubrizol Corp. agreed to a consent order from the FTC to settle charges that its two-year-old, $15 million acquisition of rust inhibitors from rival Lockhart Co. impaired competition. As a condition of the agreement, Lubrizol will sell the oxidate assets to Additives International LLC, a move the FTC believes will restore competition. Additionally, the company will eliminate a noncompete provision with Lockhart that was part of the original asset purchase agreement.

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NOT A SUBSCRIBER? FTC takes on Lubrizol Posted on February 27, 2009 11:00 AM On Thursday, the Federal Trade Commission announced -- for the fourth time in six months -- that it is contesting a completed merger. This one, at $15.6 million, is again well below the federal filing threshold mandate of about $70 million. Lubrizol Corp. agreed to a consent order from the FTC to settle charges that its two-year-old, $15 million acquisition of rust inhibitors from rival Lockhart Co. impaired competition. As a condition of the agreement, Lubrizol will sell the oxidate assets to Additives International LLC, a move the FTC believes will restore competition. Additionally, the company will eliminate a noncompete provision with Lockhart that was part of the original asset purchase agreement. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline. 3,324 articles related to the FTC 340 in-depth reports of M&A deals in regulation 20 articles related to Lubrizol Corp. 7 company pages related to lubricants 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Deutsche Bank Skadden Arps Pinnacle Foods Concho Resources Agrium Inc. Birds Eye Cantor Fitzgerald Credit Suisse Windstream Corp. Goldman Sachs		EXISTING USERS Username Password Forget your password? Missing a product?

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