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FTC Appoints Substitute Monitor

Date
The Federal Trade Commission has appointed Gregory Heltzer as the substitute monitor to oversee the Decision and Order In the Matter of Corpus Christi Polymers LLC, et al. because the original monitor...

Corpus Christi Polymers LLC, et al., In the Matter of

Following a public comment period, the Federal Trade Commission has approved a final order settling charges that three PET resin producers’ proposed $1.1 billion joint acquisition out of bankruptcy of an under-construction PET production facility would violate federal antitrust law.

Type of Action
Administrative
Last Updated

HeidelbergCement AG, et al., In the Matter of

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 the market for gray portland cement in eastern Pennsylvania and western New Jersey, reducing the number of significant competitors from four to three. The administrative trial was scheduled to begin on Nov. 2, 2021, but on June 4, 2021, the FTC announced that the parties have abandoned the transaction.

Type of Action
Administrative
Last Updated
FTC Matter/File Number
2010006
Docket Number
9402
Case Status
Closed