A PYMNTS Company

US: Will chemical co ever finalize $2.2B buyout?

By  |  March 27, 2013

For yet another time, Ecolab, a chemical company specializing in sanitation products, has delayed its acquisition of Champion Technologies for $2.2 billion in response to the Department of Justice’s continuing investigation into the merger. The deal was originally intended to be finalized by the end of last year. Now, Ecolab announced that the acquisition will again be delayed, pushing beyond its most recent expected deadline of March 31. The company assures, however, that the deal will finalize before mid-April. The deal was first announced last October. The DOJ is currently investigating whether the transaction would lead to overlaps in the market that could hamper competition.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

     

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Full Content: Star Tribune

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.