GrafTech Acquires Ex-Supplier On Heels Of DOJ Deal

Law360, New York (November 30, 2010, 8:21 PM EST) -- GrafTech International Ltd. has acquired a former competitor and one of its suppliers after reaching an agreement with the U.S. Department of Justice to modify GrafTech's supply agreement with ConocoPhillips Co.

The merger had been held up over concerns from the Department of Justice that Parma, Ohio-based GrafTech, a graphite electrode manufacturer, would exploit its access to petroleum needle coke pricing information from ConocoPhillips, which supplies GrafTech with raw material, to possibly collude on pricing and output once it got into the raw materials business....
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