This surprised and gladdened me.
[quote]
Saudi Basic Industries gets OK for $12 bln GE plastics buy
By Steve Gelsi
Last Update: 9:50 AM ET Jul 9, 2007
NEW YORK (MarketWatch) – Saudi Basic Industries Corp. (Sabic) on Monday received a regulatory OK for its $11.6 billion purchase of General Electric’s plastics business. The U.S. Federal Trade Commission granted early termination Friday of the waiting period required under the Hart-Scott-Rodino antitrust law. The move comes after Sabic in May beat out Basell in an auction for the GE unit. End of Story[/quote]
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