GrafTech told to adjust contracts for Seadrift deal

WASHINGTON Mon Nov 29, 2010 5:45pm EST

WASHINGTON Nov 29 (Reuters) - The U.S. Justice Department said on Monday that GrafTech International Ltd (GTI.N) will have to make major changes to its supply contracts with ConocoPhillips (COP.N) to proceed with its deal to acquire Seadrift Coke LP.

The Justice Department's antitrust division said it had concerns that Conoco and Seadrift, currently competitors, could exchange pricing and output information about a product used for making graphite electrodes, petroleum needle coke. (Reporting by Jeremy Pelofsky)

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