U.S. court acts to stop CCC, Mitchell merger

Mon Mar 9, 2009 5:12pm EDT
 
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WASHINGTON (Reuters) - U.S. regulators won a preliminary injunction to temporarily stop the merger of CCC Information Services with Mitchell International, the Federal Trade Commission said on Monday.

The commission asked for the injunction on the grounds that the merger would hurt competition in the market for electronic systems used to estimate how much repairs will cost after a collision and how to value totaled cars, the commission said.

The U.S. District Court for the District of Columbia granted the preliminary injunction, the agency said.

The deal was announced in April 2008.

(Reporting by Diane Bartz; Editing by Tim Dobbyn)

 

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