US federal antitrust regulators have approved the USD 1.5 billion sale of specialty chemicals and glass maker PQ Corp. by a unit of JPMorgan Chase & Co to private equity firm Carlyle Group.
The gover…
US federal antitrust regulators have approved the USD 1.5 billion sale of specialty chemicals and glass maker PQ Corp. by a unit of JPMorgan Chase & Co to private equity firm Carlyle Group. The government has completed its review and approved the deal without imposing conditions, according to a notice issued 6 July 2007 by the Federal Trade Commission. Carlyle agreed in June 2007 to buy PQ“s parent company, Niagara Holdings Inc., from JPMorgan“s private equity unit, J.P. Morgan Partners LLC, which bought the company in February 2005.