Steel Sensor Co. To Divest Assets In Deal With DOJ

Law360, Chicago (January 2, 2014, 7:33 PM EST) -- Antitrust regulators are forcing Heraeus Electro-Nite Co. LLC to shed some of the assets from its $42 million acquisition of Midwest Instrument Co. Inc., the U.S. Department of Justice announced Thursday, saying the move will quell competitive concerns in the market for sensors used in steel manufacturing.

Heraeus — a unit of German precious metals and technology group Heraeus Holding GmbH — has agreed to a settlement under which it will divest certain assets from the 2012 Minco deal to Keystone Sensors LLC, a company formed...
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