11th Circ. Backs FTC Order Undoing Polypore's $78M Deal

Law360, New York (July 11, 2012, 5:42 PM EDT) -- The Eleventh Circuit on Wednesday upheld a Federal Trade Commission ruling that found Polypore International Inc. had to divest of assets gained in its $76 million acquisition of Microporous Products LP, saying the regulator correctly found that the merger substantially lessened competition.

In a unanimous, published decision, the appeals court found that the FTC did not err in ruling that Polypore's acquisition of Microporous in 2008 was anti-competitive and violated federal antitrust regulations.

“Thus, we hold that the commission correctly found that the merger substantially lessened...
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