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SKF INC Receives Anti-trust Approvals In USA and Germany And Waives CFIUS Condition In Acquisition Of Kaydon Corp

Tuesday, 8 Oct 2013 11:02am EDT 

SKF INC announced that it has received anti-trust approvals in the USA and Germany regarding the Company`s acquisition of Kaydon Corp. Given the current U.S. federal government shutdown, SKF has waived the condition for approval of the Committee on Foreign Investment in the United States (CFIUS) under U.S. national security regulations. SKF anticipates that administrative delays will lengthen the period for clearance, however, it has not been notified of any concerns or issues in the review process. All other terms and conditions of the tender offer remain unchanged. The tender offer and any withdrawal rights to which Kaydon`s stockholders may be entitled is scheduled to expire on October 15, 2013, unless extended or earlier terminated. 

Company Quote

0.06 +0.26%
19 Dec 2014