Connect with us

News

FTC Moves to Block Merger of CCC and Mitchell

(Aftermarketnews.com) The Federal Trade Commission says a merger between Mitchell International and CCC Information Services would reduce competition in the electronic estimating market.

Advertisement

The FTC has filed suit today to block the merger of CCC Information Services Inc. and Mitchell International Inc., saying that it would thwart competition in the market for electronic estimating systems and total loss valuation solutions.

Click Here to Read More
Advertisement

The FTC’s Acting Bureau of Competition Director David P. Wales said the merger would "no doubt" reduce competition that benefits auto insurance companies and collision repair facilities.

The Commission voted 3-0 to block the merger and will file a complaint in federal district court seeking a temporary restraining order to stop the merger pending an administrative trial. The hearing is set for Mar. 31, 2009. (Tire Review/Akron)

Advertisement
Click to comment

POPULAR POSTS

Mass-Right-to-repair Mass-Right-to-repair

News

Biden Executive Order Addresses Right to Repair

bridgestone-retirement bridgestone-retirement

People

CMO Philip Dobbs Announces Retirement from Bridgestone

hercules hercules

News

Hercules Tires Launches Two New All-Terrain Tires

Goodyear-bridgestone-warehouse-tirehub Goodyear-bridgestone-warehouse-tirehub

News

TireHub Celebrates Third Anniversary

Connect
Tire Review Magazine