For Your Information: July 30, 1998
The Federal Trade Commission today announced the following action.
Applications for approval of transactions: The FTC has received an application for approval of a transaction from the following. The FTC is seeking public comments on the application for 30 days, until August 31, 1998.
- Global Industrial Technologies, Inc. has submitted a divestiture application to the Commission requesting that the FTC approve its proposed divestiture of the A.P. Green Silica Refractories properties to Robert R. Worthen and Dennis R. Williams and to two companies controlled by them: Utah Refractories Company and Worthen and Williams, L.L.C. The sale is required as part of a proposed consent order against Global that the FTC announced for public comment on June 26, 1998. The proposed order would settle the FTC's charges that the company's acquisition of A.P. Green Industries, Inc. would violate federal antitrust laws by combining the two largest domestic producers of glass-furnace silica refractories. (See news release dated June 26, 1998; FTC File No. 981-0173; Staff contact is Roberta S. Baruch, 202-326-2861.)
Copies of the documents referenced above are available from the FTC's web site at http://www.ftc.gov and also from the FTC's Consumer Response Center, Room 130, 6th Street and Pennsylvania Avenue, N.W., Washington, D.C. 20580; 202-FTC-HELP (202-382-4357); TTY for the hearing impaired 1-866-653-4261. To find out the latest news as it is announced, call the FTC NewsPhone recording at 202-326-2710.
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