FTC OKs BASF Divestiture Of Ciba Assets

Law360, New York (December 8, 2009, 5:49 PM EST) -- The Federal Trade Commission has approved German chemical giant BASF SE's divestiture of some of Ciba Holding Inc.'s businesses to Dominion Colour Corp., a move that allays competition concerns about BASF's acquisition of its rival.

BASF will sell two of Ciba's indanthrone blue and bismuth vanadate pigment businesses to comply with an FTC consent agreement that requires the divestiture in order for the merger to receive approval, the agency said in a statement Tuesday.

"With this approval, all the competitive concerns raised by BASF's acquisition of...
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