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.

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