FTC Makes Second Request In Water Jet Merger
Law360 (February 12, 2008, 12:00 AM EST) -- The U.S. Federal Trade Commission has requested additional information from the top global industrial water-jet-cutter developing and manufacturing company as the agency investigates for potential antitrust issues the company's proposed $109 million merger with a smaller water jet company.
Flow International Corp. announced Friday that the FTC had made a second request for information and documents under the Hart-Scott-Rodino Act in order to continue its review of Flow's proposed acquisition of Omax Corp.
“Flow intends to respond promptly to the information request,” the company said Friday.
Representatives for Omax and the FTC did not return requests for comment Tuesday.
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