Justice Department OKs Muzak-DMX merger
FORT MILL -- Muzak and DMX, two leading providers of business media services, on Monday announced they have been cleared by the U.S. Department of Justice to proceed with their proposed merger.
The merger had been under investigation by the Justice Department's antitrust division. The companies expect to receive formal notification of the investigation's closing in the near future.
"We believe a merger of our two companies will create significant opportunities for innovations in products and services that will result in tremendous benefit for our clients," Fort Mill-based Muzak CEO Steve Villa said in a news release.
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Muzak and DMX plan to sell the combined entity to a third-party buyer, according to a press release. The companies, which produce music and other in-store media for retail and office clients, will continue to operate independently until a purchase is made and expect no disruption in service to clients.
Family Trust annual meeting tonight
Family Trust Federal Credit Union will hold its 51st Annual Membership Meeting beginning with dinner at 5:30 tonight and the business meeting at 6:30 p.m. The meeting will be at the Baxter Hood Center on the York Technical College campus on Anderson Road.
In addition to a financial report, the event will include: Clover High School Air Force Jr. ROTC presenting the colors, the Clover High School Barbershop Singers performing the national anthem, Rock Hill school district's 2008 Teacher of the Year Saundra Booker with her students and the Mayberry Crooners of Saluda Trail Middle School. Family Trust also will give volunteer awards and scholarships to the five Eddie Reeves award finalists.
Members and their guests are welcome. No RSVP is necessary.