Filing Not Needed in Diamond Case, Belron US Reports
Belron US spokesperson Jenny Cain advised glassBYTEs.com/AGRR
today that attorneys in the case have determined that no Hart-Scott-Rodino
Act filing is needed in the company's acquisition of Diamond Glass.
Diamond counsel Michael Richman of Foley and Lardner has told the
court last Friday, during the hearing at which the court approved
the sale, that this filing might be necessary-but that it had not
been confirmed yet (CLICK
HERE for related story.)
"We have been advised no Hart-Scott-Rodino filing is required,"
Filing under the Hart-Scott-Rodino Act would have given the Federal
Trade Commission, along with the Department of Justice, an opportunity
to review the purchase for any anti-trust issues prior to the closing
Richman stated at the hearing that the sale would close on Monday,
June 30, if the Hart-Scott-Rodino filing was found to be unnecessary.
HERE for more information on the Hart-Scott-Rodino Act.
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