Federal Trade Commission seeks added info on Libbey acquisition

Ohio-based, US leading producer of glassware Libbey, Inc. received a request for additional information from the Federal Trade Commission regarding the company“s proposed acquisition of Newell Rubber…

Ohio-based, US leading producer of glassware Libbey, Inc. received a request for additional information from the Federal Trade Commission regarding the company“s proposed acquisition of Newell Rubbermaid, Inc.“s Anchor Hocking glassware operations. In a press release on 23 July, Libbey said the request will extend the waiting period for the deal under federal antitrust laws. Libbey said it will respond as quickly as possible, and expects the US$ 332-million cash transaction to close in the fourth quarter. New York Stock Exchange-listed shares of Libbey traded recently at US$ 36.10, down 12 cents, or 0.3%, on early composite volume of 100 shares. Average daily volume is 17,332.