ADESA, Inc. Acquisition Clears FTC Review Under Hart-Scott-Rodino Antitrust Improvements Act

CARMEL, IN - ADESA, Inc. has announced that the Federal Trade Commission (FTC) has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, in connection with the company's pending acquisition by a group of private equity funds. The group of private equity funds includes Kelso & Company, GS Capital Partners, an affiliate of Goldman Sachs, ValueAct Capital, and Parthenon Capital.

The transaction remains subject to the receipt of stockholder approval and the satisfaction of other previously disclosed closing conditions. The transaction is expected to close in the second quarter of 2007.