FTC orders Solera Holdings to shed assets
Oct 28, 2013 | 08:23 AM
| Rey Mashayekhi
NEW YORK The Federal Trade Commission (FTC) has approved a final order that requires scrapyard management systems provider Solera Holdings Inc. to divest its stake in former competitor Actual Systems of America Inc. for anti-competitive reasons.
Westlake, Texas-based Solera purchased Aurora, Colo.-based Actual Systems, as well as joint businesses Actual Systems U.K. Ltd. and Beech Systems Ltd., for $8.7 million in May 2012. The FTC ruled in July that the deal, which resulted in the merger....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.