Home / Business and Economy / Court Halts Henkel Loctite Acquisition
Court Halts Henkel Loctite Acquisition
18 Aug
Summary
- Henkel's acquisition of competitor Liquid Nails was blocked.
- A U.S. court sided with the FTC's challenge to the deal.
- The ruling was announced by the court on Friday.
Henkel AG & Co. KGaA, known for its construction adhesive brand Loctite, has been prevented from acquiring its competitor, Liquid Nails. A U.S. court issued a ruling on Friday, agreeing with the challenge brought forth by the U.S. Federal Trade Commission.
This judicial decision effectively halts the proposed acquisition. The Federal Trade Commission's challenge was successful in convincing the court to block the deal, preventing Henkel from integrating Liquid Nails into its portfolio.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
