GE Could Curtail Private Equity Firms In Bid

Law360, New York (January 9, 2007, 12:00 AM EST) -- Looking to nip antitrust concerns in the bud, General Electric Co. has informed private equity groups interested in its plastics subsidiary that they may be subject to conditions designed to prevent anticompetitive behavior.

GE has put its $10 billion plastics division on the auction block, drawing interest from several private equity buyers. But the company warned potential bidders that they may not be able to form “clubs” with other firms in order to win the bid, as such syndicates may violate federal antitrust law, according to...
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