From Tire Review
The Federal Trade Commission (FTC) has paved the way for Bridgestone Americas Holding to acquire Bandag Inc., with the announced early termination of required antitrust waiting period.
Had it not been terminated early, the Hart-Scott-Rodino Antitrust Improvements Act would have held up the deal until Feb. 8.
With the FTC’s approval, the planned $50.75 per share acquisition is expected to be completed early in the second quarter of 2007.
