Auto Valuation Cos. Merger Put On Hold By FTC

Law360, New York (March 9, 2009, 12:00 AM EDT) -- A planned $1.4 billion merger between two of the three U.S. companies that make auto-damage estimation systems has been put on hold for the time being, pending the outcome of a Federal Trade Commission hearing later this month.

The U.S. District Court for the District of Columbia granted the FTC's request for a preliminary injunction to block CCC Information Services Inc. from completing its announced merger with Mitchell International Inc., primarily owned by Aurora Equity Partners III LP, until the FTC has completed a scheduled hearing...
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