Printer Friendly

HANSON GRANTED EARLY TERMINATION OF THE WAITING PERIOD BY FTC

 HANSON GRANTED EARLY TERMINATION OF THE WAITING PERIOD BY FTC
 NEW YORK, Nov. 26 /PRNewswire/ -- Hanson PLC announced that it has received notice that the Federal Trade Commission has granted early termination of the Hart-Scott-Rodino waiting period in respect of Hanson's proposed acquisition of Beazer PLC. With the granting by the FTC of early termination, approval of the offer has now been obtained from all regulatory authorities from whom approvals were sought.
 In connection with the granting of termination of the waiting period, Hanson has agreed to divest itself of Beazer's 50 percent interest in Cencal Cement Company within 12 months of the date of effectiveness of the Consent Order, as Hanson had previously offered. Cencal had a turnover of $13.8 million last year, on which it suffered a net loss before tax of approximately $1.7 million.
 As previously announced, the initial offer period of the ordinary offer has been extended to 2:00 pm (London time), 9:00 am (New York City time) on Wednesday, Dec. 4, 1991.
 -0- 11/26/91
 /CONTACT: Robert M. Brier of Hanson Industries, 212-826-0098/
 (HAN) CO: Hanson PLC ST: New York IN: SU:


KD -- NY099 -- 7553 11/26/91 17:57 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 26, 1991
Words:201
Previous Article:CME AND OCC RECEIVE REGULATORY APPROVAL TO EXPAND CROSS-MARGINS TO MARKET PROFESSIONALS
Next Article:FLEET MORTGAGE REMIC CASH FLOW CERTIFICATES SERIES 1991-3 RATED 'AAA' BY FITCH -- FITCH FINANCIAL WIRE --


Related Articles
FTC REQUESTS ADDITIONAL INFORMATION ON HANSON OFFER FOR BEAZER
KEY TRONIC: FTC HAS NO OBJECTION TO PROPOSED ACQUISITION OF HONEYWELL'S KEYBOARD DIVISION
SIEMENS NIXDORF RECEIVES EARLY TERMINATION OF HART-SCOTT-RODINO WAITING PERIOD FOR ACQUISITION OF PYRAMID TECHNOLOGY CORPORATION
VALUE HEALTH MOVES FORWARD WITH DIAGNOSTEK ACQUISITION
UNUM Corporation and Provident Companies, Inc. Announce Agreement With Federal Trade Commission Regarding Proposed UNUMProvident Merger.
South African Breweries has received antitrust clearance from the Federal Trade Commission for its acquisition of Miller Brewing from Phillip Morris...
Federal Trade Commission Approves Consent Order, Clearing Way For Close Of CMS Panhandle Sale.
Leucadia National Corporation Seeks HSR Clearance to Acquire MCI Stock.
Boston Scientific Receives FTC Antitrust Approval for its Combination with Guidant.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters