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The Almighty Buck

FTC blocks sale of Symbios to Adaptec

Dr. Tom writes "The FTC has blocked the sale of Symbios (a leading supplier of SCSI devices) to Adaptec. Symbios is owned by Hyundai and the deal would have been worth $700 million. It's not clear why they blocked the sale. Check it out. "
An update to this is that it was abandoned because the FTC indicated that they would oppose the sale on anti-trust grounds, because of the market position it would put Adaptec.
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FTC blocks sale of Symbios to Adaptec

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