Chemical Cos. Defend $625M Merger Against FTC

Law360 (August 19, 2019, 5:20 PM EDT) -- Evonik Industries AG hit back against the Federal Trade Commission’s bid to block its $625 million purchase of PeroxyChem Holding Co. on Friday, telling a D.C. district court that the agency’s allegations about the hydrogen peroxide market are not based in reality.

Evonik and PeroxyChem filed substantially similar answers to the FTC complaint, arguing that the commission is looking at the products the companies make and their geographic markets all wrong. The result, they said, is that the agency has understated the level of competition in the industry and overstated the level of competition between the two companies.

“Evonik will demonstrate...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!