FTC Request: Elf Aquitaine and Pennwalt Corp....
- Share via
FTC Request: Elf Aquitaine and Pennwalt Corp. announced that each company has received a request from the Federal Trade Commission for additional information and documentary material under the Hart-Scott-Rodino Antitrust Improvements Act with respect to the all-cash tender offer by Elf Aquitaine’s subsidiary, AC Development Inc., for all outstanding shares of common stock of Pennwalt at $132 per share. Both Elf Aquitaine and Pennwalt expect to comply with the request for information as expeditiously as possible.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
