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Libbey/Anchor Hocking merger Commission to court: revote unneeded.(acquisition challenge authorized)(Brief Article)
The FTC Commission does not interpret Section 13(b) of the FTC Act "to require the Commission formally to reconsider its actions in every case where merging parties amend a merger agreement that the Commission has found reason to believe violates the antitrust laws," the FTC Commission informed U.S. District Judge Reggie B. Walton on April 2.
Specifically, the FTC Commission clarified that it did authorize a challenge to the parties' proposed amended merger agreement for Libbey, Inc.'s acquisition of Anchor Hocking from Newell Rubbermaid. The District Court for the District of Columbia judge had ordered FTC Commission counsel to advise the Court in writing by April 2 …
