Photo courtesy of Creative Commons

FTC Approves Spartech Sale

Photo courtesy of Creative Commons
The Federal Trade Commission said it will allow PolyOne to acquire plastic maker Spartech after the antitrust regulator finished a review of the deal.

Last month, Ohio-based PolyOne Corp. announced it would acquire Clayton-based Spartech Corp. for $393 million. The deal, which is expected to close in the first quarter of 2013, still requires approval by Spartech shareholders.

Read more on St. Louis Post-Dispatch.

Tags: , , ,