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Federal Trade Commission clears Boeing Co.'s acquisition of Hughes Space and Communications; Transaction involves companies' satellite and launch vehicle operations divisions.

M2 PRESSWIRE-27 September 2000-US FTC: Federal Trade Commission clears Boeing Co.'s acquisition of Hughes Space and Communications; Transaction involves companies' satellite and launch vehicle operations divisions (C)1994-2000 M2 COMMUNICATIONS LTD

RDATE:27092000

The Federal Trade Commission today announced a proposed consent agreement with The Boeing Company (Boeing) that would allow its acquisition of Hughes Space and Communications (Hughes), a subsidiary of General Motors Corporation, while remedying the potential anti-competitive effects of the $3.75 billion transaction. Under the proposed consent agreement, Boeing would be prohibited from providing ...

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