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Steves and Sons gets divestiture win in challenge to Jeld-Wen merger upheld; Jeld-Wen will appeal

By Jenna Ebersole ( February 18, 2021, 22:59 GMT | Insight) -- A US appellate court panel today upheld a divestiture order in Steves and Sons’ private merger challenge victory against Jeld-Wen, saying the case is a “poster child for divestiture" and that the panel knows of no previous example of a court ordering divestiture in a private suit. Jeld-Wen's president and chief executive officer said the company will use "all available avenues of appeal."A US appellate court panel today upheld a divestiture order in Steves and Sons’ private merger challenge victory against Jeld-Wen, saying the case is a “poster child for divestiture" and that the panel knows of no previous example of a court ordering divestiture in a private suit....

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