Justice Department Requires Divestitures in Order for Standard Parking Corp. to Proceed with Its Acquisition of Central Parking Corp.

Divestitures Will Preserve Parking Competition in 29 Cities

WASHINGTON–(ENEWSPF)–September 26, 2012.  The Department of Justice announced today that it will require Standard Parking Corporation and Central Parking Corporation to divest their interests in certain off-street parking facilities in 29 cities in 21 states in order to proceed with Standard’s acquisition of Central.  The department said that without these divestitures, the combined company would have gained a dominant market share of off-street parking facilities in certain…