EU Clears Proposed Acquisition Of ISP By Ashland

Date : 08/19/2011 @ 7:19AM
Source : Dow Jones News
Stock : Ashland Global Holdings Inc. (ASH)
Quote : 66.67  0.07 (0.11%) @ 3:59PM

EU Clears Proposed Acquisition Of ISP By Ashland

Ashland Global Holdings Inc. (NYSE:ASH)
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The European Commission said Friday it has cleared the proposed acquisition of U.S. chemicals supplier International Specialty Products by its U.S. peer Ashland (ASH).

The European Union executive said the merged entity would still face competition from other suppliers and so the deal wouldn't signficantly harm competition in Europe.

The companies' activities are largely complementary and there won't be a significant change to the structure of the market, the commission said.

-By Brussels Bureau, Dow Jones Newswires; +322 741 1480

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