Harland, Liberty Expect FTC Approval
The Federal Trade Commission is reviewing the proposed acquisition of Liberty Enterprises by John H. Harland Co. under the pre-merger notification provisions of the Hart-Scott-Rodino Antitrust Act for its potential affects on competition. But officials involved in the deal expect the it to pass muster with the federal regulators.
"We don't expect any problems," Stan Hollen, CEO of Liberty told The Credit Union Journal last week. He said he expected the review of the $160-million deal to be completed within 60 days. The combination will eliminate one more competitor in the rapidly declining market for check printing.