Commission Order Requires Divestiture of Specialty Epoxy Business and Certain Conduct Restrictions to Preserve Competition Hexion LLC has agreed to settle Federal Trade Commission charges that its proposed $10.6 billion acquisition of rival chemical manufacturer Huntsman Corporation would violate antitrust laws by substantially lessening competition in the North American markets for various end-use markets for specialty epoxy resins and the market for methyl diisocanate (also known as diphenylmethane diisocyanate and commonly called MDI). The settlement requires that Hexion divest its specialty epoxy business and institute procedures to ensure that the MDI business it acquires will not have access to competitively sensitive non-public information obtained by its formaldehyde division. Under the terms of the Commission’s...
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