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Company Statement: Masco's Cooperation Aids Bathroom Faucet and Shower Enclosure Investigation by European Commission

( June 23, 2010, 12:54 GMT | Official Statement) -- MLex Summary: Masco has confirmed receiving immunity from a fine imposed by the European Commission into a cartel operating on the market for bathroom fittings and fixtures. Masco Corporation (NYSE: MAS) today confirmed that in 2004, as a result of its legal and ethical compliance program, it had discovered and stopped certain subsidiaries from participating in anticompetitive business practices in the bathroom faucet and shower enclosure industries in certain countries in Europe. Immediate steps were taken to report the infringement to the appropriate authorities and Masco and its subsidiaries cooperated fully throughout the investigation. As a result of its reporting of the infringement and cooperation throughout the investigation, Masco and its subsidiaries were given complete immunity from the European Commission following the investigation of the anticompetitive practices....

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