Two weeks after the Federal Trade Commission (FTC) challenged Lehigh Cement’s planned acquisition of Keystone Cement, the commission said the two rival producers have abandoned the deal.
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FTC Blocks Lehigh’s Acquisition of Keystone
The Federal Trade Commission (FTC) is challenging Lehigh Cement’s $151 million acquisition of rival Pennsylvania-based producer Keystone Cement Co., alleging the deal would harm regional competition in the market.
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