FTC Lifts Orders Related To Hexion-Huntsman Deal

Law360, New York (June 16, 2009, 12:00 AM EDT) -- In light of Hexion Specialty Chemicals Inc.’s proposed acquisition of Huntsman Corp. that fell through six months ago, the Federal Trade Commission has set aside 2008 orders that required Hexion to address antitrust concerns by shedding certain assets before it could complete the deal.

Hexion, a unit of private-equity firm Apollo Management LP, said Monday the FTC removed its earlier divestiture obligations on the Columbus, Ohio-based company, but imposed a new three-year requirement on Hexion to seek federal approval prior to acquiring any stock or assets...
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