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WASHINGTON
(Legal Newsline) — The Federal Trade Commission (FTC) announced Dec. 20
that it has approved an application from American Air Liquide Holdings Inc. to sell
to Reliant Holdings Ltd. certain assets related to liquid carbon dioxide and
dry ice production at facilities in Galva, Iowa, and Sergeant Bluff, Iowa.
The
divestiture was required because of a July 2016 FTC order that settled charges
related to the $13.4 billion merger of industrial gas producers American Air
Liquide Holdings Inc. and Airgas Inc. The FTC had alleged the merger would
likely harm competition in several U.S. and regional markets.
The FTC
voted 3-0 to approve the divestiture.
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