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Shell-Exxon JV abandons $240 million bid for Entegris pipeline business under US FTC scrutiny

By Michael Acton ( February 13, 2023, 23:22 GMT | Insight) -- Infineum, a joint venture between ExxonMobil and Royal Dutch Shell, has abandoned its $240 million vertical deal to buy the pipeline and industrial materials business of Entegris. MLex understands the companies received a second request from the US Federal Trade Commission earlier this year. Infineum, a joint venture between ExxonMobil and Royal Dutch Shell, has abandoned its $240 million vertical deal to buy the pipeline and industrial materials business of Entegris....

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