Thursday, May 31, 2007

Western-Giant deal to proceed unless court acts

(Reuters) - The U.S. Court of Appeals for the 10th Circuit in Denver is
considering a last-minute motion by the Federal Trade
Commission for a temporary injunction that would put the $1.13
billion deal on hold while the FTC appeals a lower court
decision.




A lower court judge in Albuquerque, New Mexico on Tuesday
rejected the FTC's bid to block the deal on the grounds that it
would be anticompetitive and dissolved a temporary restraining
order that had stopped the deal from going forward.


Read more at Reuters.com Mergers News

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