Quote:
Originally Posted by Casey2296
FWIW, I spoke to Brent and he said "We haven't sold to PSA. We are still our own entity".
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Presumably, the transaction is larger enough that it will need to go through the
HSR anti-trust review process at the Federal Trade Commission. Prior to HSR, both companies must continue to act independent and there are significant proscriptions against sharing certain types of information, as well as against the acquiring company directing the activities of the acquired company.
So, the statement above can be factually true, even if the deal has been agreed to by the parties.