Carmeuse, Oglebay Norton deal closer to completion with latest approval

By Lisa Kerner

Charlotte, N.C., Feb. 8 - The Federal Trade Commission approved the pending acquisition of Oglebay Norton Co. by Carmeuse Lime & Stone, a wholly owned subsidiary of Carmeuse Group.

No additional regulatory approvals are required, and the transaction is expected to close shortly, according to a company news release.

Oglebay Norton shareholders voted to approve the merger agreement in November.

As previously announced, Carmeuse agreed to acquire Oglebay Norton for $36 per share in cash.

Oglebay Norton is a Cleveland-based provider of minerals and aggregates to markets including building materials, environmental remediation, energy and industrial applications.

Based in Pittsburgh, Carmeuse Lime & Stone is the largest producer of lime and limestone products in North America.

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