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Altus abandoning deal for 'closest rival' REVS is welcome, US FTC says

( May 21, 2024, 19:07 GMT | Official Statement) -- MLex Summary: The US Federal Trade Commission praised Altus Group's abandonment of its acquisition of Situs Group's REVS. "We welcome the news that Altus has abandoned its attempted acquisition of REVS, its closest rival for valuation management services," said Kyle Mach, deputy director of the FTC's Bureau of Competition, in a statement.Statement follows below:...

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