European Commission Clears Ashland's Acquisition of ISP

The European Commission has cleared the proposed acquisition of speciality chemicals producer International Specialty Products (ISP) by Ashland. The commission says that the transaction does not raise competition concerns because “the companies' activities are largely complementary and the transaction would not significantly modify the structure of the market.”  The commission examined the transaction's impact on the pharmaceutical sector and says that the main horizontal overlap would be in excipients and more precisely binders, which are...

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