Xerox Wins FTC Approval For $225M ISG Holdings Deal
Law360, New York (May 30, 2014, 7:25 PM EDT) -- The Federal Trade Commission on Thursday ended its review of Xerox Corp.'s $225 million acquisition of ISG Holdings Inc., a private equity-backed health care technology firm.
The FTC's Premerger Notification Office granted the transaction early termination of the 30-day waiting period under the Hart Scott Rodino Act.
A representative for Xerox was not immediately available for comment Friday.
Xerox announced its plans to acquire ISG on May 6 in a bid to bolster the workers’ compensation business products and services offered to property and casualty insurance clients.
Under the deal, Xerox will snatch up ISG’s two key businesses: The Irvine, California-based...
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