Ecolab Must Shed Deepwater Assets In $2B Merger, DOJ Says

Law360, Los Angeles (April 8, 2013, 8:39 PM EDT) -- The federal government said Monday that it had reached a settlement requiring that, in order to close a $2 billion merger deal, Ecolab Inc. and Permian Mud Service Inc. must divest a Permian subsidiary's assets used for providing production chemical management services in the Gulf of Mexico.

The settlement was filed the same day that the DOJ’s Antitrust Division hit the companies with a lawsuit in District of Columbia federal court to block the proposed merger of Ecolab subsidiary Nalco Co. and Permian subsidiary Champion Technologies...
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