A US court has issued an injunction blocking German consumer goods and industrial company Henkel from proceeding with its planned $725 million acquisition of a rival adhesive business owned by Pittsburgh Paint.
The transaction, valued at $725 million, was halted following legal intervention in the United States. Details regarding the specific antitrust concerns or the identity of the plaintiffs challenging the merger were not immediately disclosed in the initial court filings.
Henkel had aimed to expand its North American adhesive footprint through the purchase. The company has not yet issued a detailed public statement regarding its legal options or whether it intends to appeal the court's decision.
