Mexico explains decision to block Televisa/Iusacell

Wednesday, 08 February 2012

Televisa will appeal the commission's decision
Mexico’s Federal Competition Commission (CFC) published its long-awaited decision on the merger between Televisa and Iusacell yesterday, outlining the reasons behind the prohibition and opening the possibility for the companies to present commitments to allay competition concerns.

Supermarket organisation voices opposition to Medco/Express Scripts

Wednesday, 08 February 2012

Clifford H Aronson, counsel to Express Scripts
A coalition of some of the US’s largest supermarkets and grocers has put pressure on officials at the Federal Trade Commission (FTC) to block a merger between pharmacy benefit managers Medco and Express Scripts.

Glencore and Xstrata confirm merger

Wednesday, 08 February 2012

Glencore and Xstrata confirmed their merger
Glencore has agreed to buy Xstrata for US$39 billion, a deal that requires antitrust clearance in a number of jurisdictions.

CC clears in-flight catering deal

Tuesday, 07 February 2012

Nicholas Spearing advised Alpha and LSG
The UK’s Competition Commission (CC) has cleared without commitments the joint venture between Alpha Flight Group and LSG Lufthansa Service Holding, despite initial concerns that the deal would lead to a duopoly in the in-flight catering market at several UK airports.

Orange Austria deal could face in-depth inquiry

Monday, 06 February 2012

Austrian mobile deal could face in-depth review
Hutchison 3G’s bid for mobile competitor Orange Austria is likely to undergo in-depth merger analysis, according to Austrian competition specialists.

Shell offers remedies in petrol merger

Monday, 06 February 2012

Shell offered commitments to obtain the OFT's clearance for a petrol stations deal
The UK's Office of Fair Trading (OFT) is considering commitments offered by Shell to sell several petrol stations to obtain clearance for its acquisition of petrol assets from Rontec Investments.

TPG Capital and GlobeOp in US$800m merger

Monday, 06 February 2012

TPG Capital has agreed to buy GlobeOp
Private equity company TPG Capital has agreed to buy hedge funds services provider GlobeOp for US$800 million, a merger subject to antitrust approval, while rival SS&C Technologies is considering placing a hostile bid.

Glencore and Xstrata eye merger

Friday, 03 February 2012

Glencore is in talks to buy Xstrata
Mining giants Glencore and Xstrata are in talks to merge, potentially creating a company worth US$80 billion, subject to competition approval.

Mexico prohibits Televisa/Iusacell deal

Thursday, 02 February 2012

Televisa is prohibited from acquiring a 50 per cent stake in Iusacell
Mexico’s Federal Competition Commission (CFC) has blocked the merger of mobile phone company Grupo Iusacell and media company Televisa.

European Commission blocks NYSE/Deutsche Börse

Wednesday, 01 February 2012

DG Comp has blocked the merger between NYSE and Deutsche Börse
The US$10.2 billion merger between NYSE Euronext and Deutsche Börse has finally collapsed after the European Commission decided to block the deal in a landmark ruling.

Unipol deal heading to Phase II

Tuesday, 31 January 2012

Unipol has agreed to buy Fondiaria-SAI for €1.1 billion
Italian insurance company Unipol’s €1.1 billion proposed acquisition of its rival Fondiaria-SAI risks stirring Italy’s Antitrust Authority’s concerns that the merger would create a dominant position, lawyers say.

SA mining companies contest commission refusal

Tuesday, 31 January 2012

Petmin and Thaba hope to challenge the commission's decision before the country's tribunal
Mining companies Petmin and Thaba Chueu have announced they will appeal against South Africa’s Competition Commission’s decision to block Thaba’s purchase of a silica mine owned by Petmin.

FTC lawsuit adds another hurdle to Omnicare/PharMerica

Monday, 30 January 2012

The companies are the two largest long-term care pharmacies in the US
The US Federal Trade Commission has sued to block Omnicare’s hostile bid for its rival PharMerica, saying a merger of the country’s two largest long-term care pharmacies had the potential to harm competition.

DC court sends FTC paint case to Minnesota

Monday, 30 January 2012

J Robert Robertson, at Hogan Lovells and counsel to Illinois Tool Works
Lawyers for two rival powder paint companies have won the right to transfer the US Federal Trade Commission’s lawsuit attempting to block their merger out of federal court in Washington, DC.

US chemical rivals to merge

Monday, 30 January 2012

Eastman Chemical and Solutia's merger is subject to antitrust approval
Eastman Chemical has agreed to buy its competitor Solutia for a total value of US$4.7 billion.

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