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| Carmeuse and Oglebay Norton Receive final approval for transaction Carmeuse Lime & Stone, the largest producer of lime products in North America, and a Cleveland, Ohio-based Oglebay Norton Company announced that they have received approval from the Federal Trade Commission (FTC) with respect to Carmeuse's pending acquisition of Oglebay Norton. No further regulatory approvals are required and, as previously announced, shareholders of Oglebay Norton voted to approve the merger agreement at a special meeting of shareholders on November 9, 2007. Accordingly, the transaction is now expected to close shortly. Carmeuse and Oglebay Norton entered into a definitive agreement under which Carmeuse will acquire all of the outstanding shares of Oglebay Norton for $36.00 per share in cash. write your comments about the article :: © 2008 Construction News :: home page |