Sale of Nine Auctions Will Appease FTC Mandate

As a result of the Federal Trade Commission’s (FTC) review of the acquisition of 28 ADT auctions by Manheim, nine auctions were offered for sale so that the deal could go through. One Manheim auction and eight ADT auctions had to be sold for Manheim to acquire ADT Automotive.

After receiving interest from more than 16 individuals and organizations, Manheim announced on June 27th that it had signed a letter of intent to sell nine auctions to ADESA.

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