FTC Injunction Puts Paid To Auto Valuation Co. Merger

Law360, New York (March 11, 2009, 12:00 AM EDT) -- A planned $1.4 billion merger between two U.S. companies that make auto-damage estimation systems has been mutually terminated, after the Federal Trade Commission won a preliminary injunction to keep the deal from going forward.

CCC Information Services Inc. and Mitchell International Inc., primarily owned by Aurora Equity Partners III LP, announced on Wednesday that their companies would not be proceeding with a proposed merger to combine two of only three U.S. companies that manufacture estimatics and total loss valuation systems – a move that the FTC...
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