Quikrete, Kelso Win FTC Nod On Building Products Deal

Law360, New York (August 26, 2013, 6:08 PM EDT) -- The Federal Trade Commission has given Quikrete Holdings Co. and private equity firm Kelso & Co. the green light to move forward with a transaction that would merge Kelso's building products unit with Quikrete, according to a Monday filing.

Quikrete and Kelso can go ahead with the transaction — rumored earlier this month to be worth between $700 million and $800 million — thanks to an early termination granted by the FTC.

The deal would see Kelso's Custom Building Products Inc., a flooring preparation product and...
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