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[May 2002]
Federal Judge Denies Motion Related to Anchor Hocking Acquisition
Libbey Inc (Toledo, OH, USA) was advised on 20 May 2002 that Judge Reginald Walton of the US District Court for the District of Columbia denied the joint motion of Libbey Inc and Newell Rubbermaid Inc to vacate the preliminary injunction granted on 22 April 2002 to the Federal Trade Commission (FTC) enjoining the acquisition during pending administrative proceedings before the FTC.Libbey Inc will continue to study its alternatives in pursuit of the acquisition of the Anchor Hocking consumer and speciality glass businesses. Anchor Hocking is a division of Newell Rubbermaid Inc.
Libbey Inc is the leading producer of glass tableware in the USA and is a joint venture partner in the largest glass tableware company in Mexico. It is the parent company of Syracuse China.
ENDS