RB Global (RBA) said US regulators cleared one of the final steps needed for its acquisition of BigIron Auction, allowing the deal to move closer to closing.
The Federal Trade Commission granted early termination of the required antitrust waiting period on Tuesday, satisfying one of the conditions for the transaction, RB Global said Thursday in a statement.
The acquisition is expected to close in Q2, subject to remaining customary conditions, the company said.
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