ftc challenges merger of two pennsylvania cement producers

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FTC Challenges Merger of Two Pennsylvania Cement Producers ...

May 20, 2021  The Federal Trade Commission is seeking to block Lehigh Cement Company LLC’s $151 million acquisition of rival Pennsylvania-based cement producer Keystone Cement Company, alleging the deal would harm regional competition in the market for the key ingredient used to make concrete.

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FTC Challenges Pennsylvania Cement Producers Merger ...

On May 20, 2021, the Federal Trade Commission (FTC) filed an administrative complaint and authorized staff to file suit in federal court to block Lehigh's proposed acquisition of Keystone Cement. The companies are two of four significant suppliers of portland cement in eastern Pennsylvania and western New Jersey. The FTC alleged that the transaction threatened to increase prices, reduce output ...

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Merger Federal Trade Commission

FTC Challenges Merger of Two Pennsylvania Cement Producers, Alleging It would Harm Regional Competition. The Federal Trade Commission is seeking to block Lehigh Cement Company LLC’s $151 million acquisition of rival Pennsylvania-based cement producer Keystone Cement Company, alleging the deal would harm regional competition in the market for ...

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Federal Trade Commission : FTC Challenges Merger of Two ...

May 20, 2021  The Federal Trade Commission is seeking to block Lehigh Cement Company LLC's $151 million acquisition of rival Pennsylvania-based cement producer Keystone Cement Company, alleging the deal would harm regional competition in the market for the key ingredient used to make concrete.

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FTC Challenges Merger of Two Pennsylvania Cement Producers ...

FTC Challenges Merger of Two Pennsylvania Cement Producers, Alleging It would Harm Regional Competition The Federal Trade Commission is seeking to block Lehigh Cement Company LLC's $151 million acquisition of rival Pennsylvania-based cement producer Keystone Cement Company, alleging the deal would harm regional competition in the market for the ...

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HeidelbergCement AG, et al., In the Matter of Federal ...

May 21, 2021  The Federal Trade Commission is seeking to block Lehigh Cement Company LLC’s $151 million acquisition of rival Pennsylvania-based cement producer Keystone Cement Company, alleging the deal would harm regional competition in the market for the key ingredient used to make concrete.

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Tag: Merger Federal Trade Commission

FTC Challenges Merger of Two Pennsylvania Cement Producers, Alleging It would Harm Regional Competition The Federal Trade Commission is seeking to block Lehigh Cement Company LLC’s $151 million acquisition of rival Pennsylvania-based cement producer Keystone Cement Company, alleging the deal would harm regional competition in the market for ...

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Statement of Acting Bureau of Competition ... - ftc.gov

Jun 04, 2021  “This is great news for cement customers in eastern Pennsylvania and western New Jersey. The FTC voted 4-0 to challenge this transaction because it would have reduced the number of significant competitors in the market for gray portland cement in this region from four to three.

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FTC Challenges Pennsylvania Cement Producers Merger ...

On May 20, 2021, the Federal Trade Commission (FTC) filed an administrative complaint and authorized staff to file suit in federal court to block Lehigh's proposed acquisition of Keystone Cement. The companies are two of four significant suppliers of portland cement in eastern Pennsylvania and western New Jersey. The FTC alleged that the transaction threatened to increase prices, reduce

Get price

FTC Challenges Merger of Two Pennsylvania Cement Producers ...

May 20, 2021  The Federal Trade Commission is seeking to block Lehigh Cement Company LLC’s $151 million acquisition of rival Pennsylvania-based cement producer Keystone Cem FTC Challenges Merger of Two Pennsylvania Cement Producers, Alleging It would Harm Regional Competition -

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FTC Challenges Merger of Two Pennsylvania Cement Producers ...

FTC Challenges Merger of Two Pennsylvania Cement Producers, Alleging It would Harm Regional Competition The Federal Trade Commission is seeking to block Lehigh Cement Company LLC's $151 million acquisition of rival Pennsylvania-based cement producer Keystone Cement Company, alleging the deal would harm regional competition in the market for the ...

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FTC Challenges Merger of Two Pennsylvania Cement Producers ...

FTC Challenges Merger of Two Pennsylvania Cement Producers, Alleging It would Harm Regional Competition Posted May 20th, 2021 for Federal Trade Commission Share This Page

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FTC Challenges Merger of Two Pennsylvania Cement Producers ...

WASHINGTON, D.C. — The Federal Trade Commission is seeking to block Lehigh Cement Company LLC’s $151 million acquisition of rival Pennsylvania-based cement producer Keystone Cement Company, alleging the deal would harm regional competition in the market for the key ingredient used to make concrete. Lehigh owns and operates multiple facilities that sell cement in direct competition

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Merger of 2 Lehigh Valley cement producers opposed by ...

Jun 09, 2021  The two are competitors, and the FTC alleges the acquisition would harm competition in the market for gray portland cement in eastern Pennsylvania

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Lehigh Cement Abandons $151M Keystone Acquisition – Cement ...

Jun 07, 2021  Two weeks after the Federal Trade Commission (FTC) challenged Lehigh Cement’s planned acquisition of Keystone Cement, the commission said the two rival producers have abandoned the deal. “This is great news for cement customers in eastern Pennsylvania and western New Jersey,” said FTC Acting Bureau of Competition Director Maribeth Petrizzi.

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HeidelbergCement AG and Italcementi S.p.A., In the ... - FTC

Jun 17, 2016  German cement producer HeidelbergCement AG and Italian producer Italcementi S.p.A. agreed to divest a cement plant in Martinsburg, WV and up to 11 cement distribution terminals in six other states to settle charges that their proposed $4.2 billion merger would likely harm competition in five regional markets for cement in the United States.

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Lehigh Cement abandons plant acquisition - The Morning Call

Jun 04, 2021  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 ...

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GT Newsletter Competition Currents May 2021

• Increase in merger filing fees similar to those proposed by the House. B. Federal Trade Commission (FTC) 1. Pennsylvania cement producers Keystone Cement and Lehigh Cement abandon transaction in response to FTC recommendation to challenge. On May 20, 2021, the FTC announced that it had voted to file an administrative complaint and authorize

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Horizontal Federal Trade Commission

FTC Challenges Merger of Two Pennsylvania Cement Producers, Alleging It would Harm Regional Competition The Federal Trade Commission is seeking to block Lehigh Cement Company LLC’s $151 million acquisition of rival Pennsylvania-based cement producer Keystone Cement Company, alleging the deal would harm regional competition in the market for ...

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FTC Challenges Merger of Two Pennsylvania Cement Producers ...

The Federal Trade Commission is seeking to block Lehigh Cement Company LLC’s $151 million acquisition of rival Pennsylvania-based cement producer Keystone...

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FTC Says No Way To $151M Pa. Cement Co. Merger - Law360

May 21, 2021  FTC Says No Way To $151M Pa. Cement Co. Merger. Law360 (May 21, 2021, 8:04 PM EDT) -- The Federal Trade Commission is not a fan of Lehigh Cement Co

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Lehigh Cement and Keystone Cement abandon planned merger ...

Jun 07, 2021  US: HeidelbergCement subsidiary Lehigh Cement and Keystone Cement have stepped away from an agreement to merge their businesses. The Federal Trade Commission (FTC) voted to challenge the proposed merger in late May 2021. FTC Bureau of Competition acting director Maribeth Petrizzi said, “This is great news for cement customers in eastern Pennsylvania and western New

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FTC Challenges Merger of Two Pennsylvania Cement Producers ...

May 20, 2021  FTC Challenges Merger of Two Pennsylvania Cement Producers, Alleging It would Harm Regional Competition The Federal Trade Commission is seeking to block Lehigh Cement Company LLC's $151 million acquisition of rival Pennsylvania-based cement producer Keystone Cement Company, alleging the deal would harm regional competition in the market for the ...

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Concrete Jotup

The Federal Trade Commission is seeking to block Lehigh Cement Company LLCs $151 million acquisition of rival Pennsylvania-based cement producer Keystone Cement Company, alleging the deal would harm regional competition in the market for the key ingredient used to make concrete. ... FTC Challenges Merger of Two Pennsylvania Cement Producers ...

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Keystone Cement - Overview, News Competitors ZoomInfo

FTC Challenges Merger of Two Pennsylvania Cement Producers, Alleging It would Harm Regional ... The Federal Trade Commission is seeking to block Lehigh Cement Company LLC’s $151 million acquisition of rival Pennsylvania-based cement producer Keystone Cement Company, alleging the deal would harm regional competition in the market for the key ingredient used to make concrete.

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FTC and Pennsylvania AG Sue to Block Merger of ...

Mar 16, 2020  On February 27th, the Federal Trade Commission FTC and the Attorney General of the Commonwealth of Pennsylvania AG filed a lawsuit in federal court to challenge a proposed merger between two ...

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Lina Khan Was One of Big Tech’s Biggest Critics. Now She’s ...

Jun 16, 2021  This year alone, it has challenged the merger of two cement producers in Pennsylvania, cracked down on unsupported statements about treatments for Covid-19 and reached a deal with two liquor ...

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Antitrust MA Snapshot Q2 2021

Aug 05, 2021  The FTC alleged one relevant product and two relevant geographic markets: (1) Gray Portland cement in eastern Pennsylvania and (2) Gray Portland cement in western New Jersey. The FTC alleged that the proposed transaction would be a 4-to-3 merger. On May 21, 2021, the FTC issued an administrative complaint and authorized a suit in federal court ...

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US - EU - UK Merger Acquisition Antitrust Issues Q2 2021

Aug 05, 2021  The FTC alleged one relevant product and two relevant geographic markets: (1) Gray Portland cement in eastern Pennsylvania and (2) Gray Portland cement in western New Jersey. The FTC alleged that ...

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Competition - Cement industry news from Global Cement

Jul 07, 2021  US: HeidelbergCement subsidiary Lehigh Cement and Keystone Cement have stepped away from an agreement to merge their businesses. The Federal Trade Commission (FTC) voted to challenge the proposed merger in late May 2021. FTC Bureau of Competition acting director Maribeth Petrizzi said, “This is great news for cement customers in eastern Pennsylvania and western New

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The Importance of Competition for the American Economy ...

Jul 09, 2021  To enforce the law, the DOJ and the FTC publish merger guidelines that lay out when a merger is likely to be challenged. Since the guidelines were

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Titanium Dioxide Merger Challenged by FTC in US ...

Dec 11, 2017  Tronox proposed a $1.67 billion merger with Cristal, a deal that would create the largest producer of chloride titanium dioxide in the world, in February. The acquisition gained approval from Australian regulators in August, but now faces a stumbling block in the United States in light of the FTC’s complaint, announced Tuesday (Dec. 5).

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Federal Trade Commission (via Public) / Title ...

The Federal Trade Commission is seeking to block Lehigh Cement Company LLC's $151 million acquisition of rival Pennsylvania-based cement producer Keystone Cement Company, alleging the deal would harm regional competition in the market for the key ingredient used to make concrete. The FTC alleges that the acquisition would harm competition in ...

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Conglomerate Mergers And Range Effects: It's A Long Way ...

Jun 25, 2015  To understand the reasons for this sharp divergence between the U.S. and EU, it is useful to compare the reasons we challenge horizontal and vertical mergers with the EU's reasons for its recent challenges of some conglomerate mergers. We challenge horizontal mergers because they eliminate a competitor and may thereby enable the merged firm to ...

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Anti-Competition Controversy: Latest News, Top Stories ...

FTC Challenges Merger of Two Pennsylvania Cement Producers. May 23, 2021 May 21, 2021 - by MyChesCo. WASHINGTON, D.C. — The Federal Trade Commission is seeking to block Lehigh Cement Company LLC’s $151 million acquisition of rival Pennsylvania-based cement producer Keystone Cement Company, alleging the deal would Read More.

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Hokendauqua Industry News Break Hokendauqua, PA

News Break provides latest and breaking local industry news in Hokendauqua, PA, information about local crop and live-stock farming, energy industry, real estate, infrastructure and all other industries.

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