FTC Backs $1.7B K+S, Morton Merger After Divestiture

Law360, New York (September 28, 2009, 4:38 PM EDT) -- In a deal that will create the world's largest salt producer, the Federal Trade Commission has approved K+S AG's $1.68 billion acquisition of Morton International Inc. following the German company's agreement to sell off certain assets in Maine and Connecticut.

In order to preserve a competitive market for bulk deicing road salt, International Salt Company LLC, K+S' U.S. subsidiary, will sell its bulk deicing salt assets in the two states to Eastern Salt Co. Inc. and Granite State Minerals Inc., according to a consent order filed...
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