March 05, 2021
It took 15 months, $640 million and a two-week trial but Evonik managed to close its purchase of fellow hydrogen peroxide producer PeroxyChem last year, days after its Freshfields Bruckhaus Deringer LLP legal team broke the Federal Trade Commission's seven-case winning streak contesting mergers in federal court.
March 26, 2020
The Federal Trade Commission has run out of time to appeal a D.C. federal judge's refusal to freeze Evonik's planned $625 million purchase of fellow hydrogen peroxide producer PeroxyChem, although the agency has not formally said it will drop the case.
February 12, 2020
The Federal Trade Commission hit the brakes Tuesday on the agency's in-house challenge of Evonik's planned $625 million purchase of fellow hydrogen peroxide producer PeroxyChem, a procedural move as the agency mulls its next steps following a D.C. federal judge's refusal to freeze the merger.
February 06, 2020
The Federal Trade Commission's winning streak on merger challenges ended last month, a loss quite possibly caused by the agency's risky decision to rely on a rarely used definition of the market that allegedly would have been harmed by the union of two chemical producers.
February 03, 2020
Federal Trade Commission staffers made it nearly impossible to win a freeze on Evonik's planned $625 million purchase of fellow hydrogen peroxide producer PeroxyChem, a D.C. federal judge said in a ruling unsealed Monday painting a picture of missteps in the first such FTC loss in over a decade.
January 27, 2020
A D.C. federal court has rejected the Federal Trade Commission's bid to pause Evonik's planned $625 million purchase of fellow hydrogen peroxide producer PeroxyChem while an in-house merger challenge plays out.
January 17, 2020
The Federal Trade Commission told a D.C. federal court Friday that an apparent divestiture agreement between Canada's competition enforcer and a hydrogen peroxide producer does not fix the problems raised by the United States' challenge of the company's $625 million merger.
December 13, 2019
A D.C. federal judge signaled Friday he was leaning toward letting the planned tie-up of two hydrogen peroxide producers go through following a Federal Trade Commission challenge, yet his decision is not expected until January.
November 12, 2019
The Federal Trade Commission does not have to prove that a $625 million merger between two hydrogen peroxide manufacturers will result in clear-cut price-fixing, only that it makes such collusion more likely, an attorney for the agency said Tuesday as a trial over the agency's attempt to stop the deal kicked off.
November 07, 2019
Two hydrogen peroxide manufacturers have urged a D.C. federal court to reject the Federal Trade Commission's effort to put the breaks on their $625 million tie-up, arguing that the agency misunderstands the market and ignored a proposed fix for the problems it had identified.