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US: FTC’s Ramirez welcomes SCOTUS ruling on battery component merger

By  |  June 25, 2013
US: FTC’s Ramirez welcomes SCOTUS ruling on battery component merger

The US Federal Trade Commission released a statement offered by Commissioner Edith Ramirez regarding the US Supreme Court’s recent decision not to hear an appeal of the US Court of Appeal’s 2012 decision that ruled a previous battery component merger as anticompetitive. The appeals court found that Polypore’s buyout of Microporous, a competitor, could harm consumers and subsequently ruled that Microporous must be divested. Ramirez applauded the Supreme Court’s denial to consider that ruling’s appeal, saying that the divesture requirement “ensures that consumers will benefit from the competition between these rival firms.” The FTC issued a Decision and Order against Polypore over the acquisition in November 2010, a deal the regulator ruled anticompetitive as it restricted competition in three of its four markets in North America.

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    Full Content: Federal Trade Commission

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