21.04.2014 22:57:00
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Visant Corporation -- Moody's says the FTC's decision to block merger with American Achievement is credit negative for Visant
New York, April 21, 2014 -- Moody's Investors Service said the US Federal Trade Commission's (FTC) decision on April 17th to block the proposed merger between Visant Corporation (B3 stable) and American Achievement Corporation (B3 stable) due to concerns that the merger would be anti-competitive for the class ring industry is credit negative for Visant because it will not obtain the expected merger benefits and it resurrects our concerns about Visant's liquidity and business profile.