Carlyle Signs FTC Pact Over INEOS Buyout

Law360, New York (June 30, 2008, 12:00 AM EDT) -- Private equity group Carlyle Partners IV LP has agreed to divest property to quell the U.S. Federal Trade Commission's worries about its proposed buyout of INEOS Group Ltd's worldwide sodium silicate business.

The consent agreement, which calls for Carlyle-owned PQ Corp. to shed an Illinois chemical plant, resolves the watchdog's complaint that the deal threatened competition by combining the largest producer and seller of sodium silicate in the U.S. with its third largest competitor in the Midwest.

The FTC said Monday the buyout would not only...
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