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Justice Dept Moves To Block ITT $2 Billion Buy
The Justice Department asked a federal court in New Haven to halt ITT's planned acquisitions of Hartford Fire and Grinnell, arguing the deals would curb competition and invite further consolidations. It also seeks divestiture of Canteen Corp. citing reciprocal buying power and market dominance concerns.
MENTIONED IN THIS ARTICLE
Washington
UPI
Justice Department
International Telephone & Telegraph Corp
ITT
U.S. District Court
New Haven
Canteen Corp
Chicago
Grinnell
Atty
John N. Mitchell