Sources: U.S. Federal Trade Commission; CP staff HeidelbergCement AG of Germany and Elementia S.A.B. de C.V. of Mexico, along with their North American subsidiaries—Lehigh Hanson Inc., Lehigh Cement Co. LLC and Giant Cement Holding, Keystone Cement Co., respectively—have terminated an agreement regarding the sale of Keystone’s Bath, Pa. plant to Lehigh Cement. The move responds to a U.S. Federal Trade…Read More
Sources: U.S. Federal Trade Commission; CP staff The Federal Trade Commission is preparing for a November 2021 administrative trial aimed at blocking or altering the terms of Lehigh Cement Co. LLC’s purchase of Keystone Cement, arguing that the $151 million deal will harm regional competition and violate the FTC and Clayton Acts.Read More
From the Federal Trade Commission Bureau of Consumer Protection’s Elisa Jillson and Andy Hasty … As cloud computing has become business as usual, frequent news reports of data breaches and other missteps should make companies think carefully about how they secure their data. The Federal Trade Commission has tips for business about making use of cloud services safer—both for owners and customers who rely on them to safeguard their information.Read More
The Federal Trade Commission, one of two Washington, D.C., agencies overseeing company mergers, is moving aggressively to implement Presidential directives aimed at eliminating what Acting Chairman Maureen Ohlhausen calls “wasteful, legacy regulations and processes that have outlived their usefulness.”Read More
The Federal Trade Commission has outlined terms of the final regulatory clearance hovering the proposed merger of Lehigh Hanson Inc. and Essroc Cement Corp. parents HeidelbergCement AG and Italcementi S.p.A. A June 17 consent agreement calls for the sale of a) Essroc’s 2-million ton/year Martinsburg, W.V., mill plus seven Maryland, Pennsylvania and Virginia terminals; and, b) Lehigh’s Solvay, N.Y., terminal. A suitor will also have a purchase option for two Essroc terminals in Ohio.Read More
The Federal Trade Commission has outlined a number of questions for businesses to consider in their use of big data analytics. “Big data’s role is growing in nearly every area of business, affecting millions of consumers in concrete ways,” says Chairwoman Edith Ramirez. “The potential benefits to consumers are significant, but businesses must ensure that their big data use does not lead to harmful exclusion or discrimination.”
Last month’s merger forming LafargeHolcim Ltd. expedited transfer of more than $1 billion in cement, concrete and aggregate production and distribution assets in the U.S. and Canada. The Federal Trade Commission justified a decision and order on the sale of those properties per Section 7 of the Clayton Act, a century-old law augmenting the Sherman Act of 1890. It prohibits mergers if “in any line of commerce or in any activity affecting commerce in any section of the country, the effect of such acquisition may be substantially to lessen competition, or to tend to create a monopoly,” FTC notes.
Federal Trade Commission and Canadian Competition Bureau (CCB) have outlined consent agreements approving the scope or direction of Lafarge North America, Holcim (US) Inc. and Holcim (Canada) Inc. operations following the Lafarge S.A. and Holcim Ltd. merger. The mega-deal is set to close in July as an exchange offer commences this month: 10 Lafarge shares for nine Holcim shares, netting LafargeHolcim.Read More
Sources: CP staff; Federal Trade Commission, Washington, D.C.
The FTC has opened to public comment a proposed consent agreement settling a complaint alleging that the Holcim Ltd. and Lafarge S.A. merger would likely harm competition in the U.S. It details a portfolio of Holcim (US) Inc. and Lafarge North America portland cement and slag cement production and distribution assets to be divested in conjunction with the parent companies’ union.Read More