Travelers, Citigroup Logo Deal Gets Antitrust OK

Law360, New York (February 23, 2007, 12:00 AM EST) -- In a move that brings a widely-recognized corporate logo closer to changing hands, the U.S. Federal Trade Commission granted early termination of a federally mandated waiting period with respect to the agreement by St. Paul Travelers Cos. to buy back the red umbrella mark from Citigroup Inc.

The FTC on Wednesday granted early termination of the waiting period required by the Hart-Scott-Rodino Act, which is meant to keep companies at arms length while authorities vet proposed transactions for antitrust issues. Companies that violate the Act can...
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