Last glimmer of hope for Deutsche Börse/NYSE in Europe

Wednesday, 25 January 2012

The NYSE/Deutsche Börse merger is worth US$17 billion
NYSE Euronext and Deutsche Börse could yet see their proposed US$17 billion merger approved after a key member of the European Commission yesterday requested more time to make his decision.

FTC backs down in pharma battle

Wednesday, 25 January 2012

Lundbeck purchased NeoProfen in 2006
The US Federal Trade Commission (FTC) has announced it will not seek a Supreme Court judgment on its monopolisation case against pharmaceutical company Lundbeck, marking the end of a protracted antitrust battle.

South Africa prohibits mining merger

Tuesday, 24 January 2012

South Africa's authority says the merged entity would be too powerful in the manufacture and distribution of CMC
South Africa’s Competition Commission blocked a vertical merger in the chemical mining sector yesterday, prompting suggestions that the authority’s approach is becoming increasingly cautious.

Consumer group urges DG Comp to block Google/Motorola

Tuesday, 24 January 2012

Public interest group Consumer Watchdog wrote to the commissioner yesterday
A US public interest group has written to the European Commission, calling for it to block Google’s proposed US$12.5 billion takeover of Motorola Mobility.

South Africa seeks to block health care merger

Monday, 23 January 2012

South Africa's commission has referred the merger to the tribunal, recommending probition
South Africa’s Competition Commission has recommended that the country’s tribunal prohibit the merger of two hospital operators, saying it would substantially lessen competition in the Durban health care market.

France passes sugar merger

Monday, 23 January 2012

Cristal Union can now proceed with its deal to pruchase rival Vermandoise
France’s Competition Authority has cleared a merger which will create the country’s second-largest sugar company.

DG Comp resumes Google/Motorola review

Friday, 20 January 2012

Google announced its proposed acquisition of Motorola in August
The European Commission has restarted its investigation of the US$12.5 billion merger between Google and Motorola Mobility.

Namibia clears mine takeover

Friday, 20 January 2012

Namibia's commission reports to the Ministry of Trade and Industry
Namibia’s Competition Commission has approved the takeover of the world’s fourth-largest uranium deposit by Taurus Mineral, a subsidiary of state-owned China Guangdong Nuclear Power Holding Company (CGNPC).

DG Comp takes Italian ferry merger to Phase II

Thursday, 19 January 2012

DG Comp has opened a Phase II investigation of Tirrenia/CIN
The European Commission has opened an in-depth investigation of the proposed acquisition of Italian ferry company Tirrenia by joint venture Compagnia Italiana di Navigazione (CIN), a transaction complicated by a state-aid probe and a cartel investigation of some of the buyers.

DS Smith to merge with Swedish rival

Wednesday, 18 January 2012

DS Smith has agreed to buy SCA Packaging for €1.6 billion
Recycled packaging maker DS Smith has agreed to buy its competitor SCA Packaging for €1.6 billion.

Mexico telecoms company fears for multimedia tie-up

Tuesday, 17 January 2012

Iusacell fearful for Televisa tie-up
Mexican mobile company Grupo Iusacell has expressed concern that the country’s Federal Competition Commission (CFC) will reject its planned tie-up with media company Televisa, warning that doing so would mean the loss of a valuable chance to challenge dominant telecoms company Telmex.

Dutch authority wins oversight of frozen foods merger

Monday, 16 January 2012

A&O partner Paul Glazener advises on Dutch frozen food merger
The European Commission has referred the Dutch part of a merger between frozen foods companies Royaan and Ad van Geloven to the Netherlands Competition Authority (NMa) for an in-depth investigation.

FTC puts conditions on gas takeover

Thursday, 12 January 2012

AmeriGas can proceed with a takeover that excludes the cylinder exchange division
The US Federal Trade Commission (FTC) yesterday cleared propane company AmeriGas’s US$2.9 million acquisition of ETP’s Heritage Propane, with commitments.

NYSE/Deutsche Börse on the brink

Wednesday, 11 January 2012

The NYSE and Deutsche Börse announced their merger in February
The US$10.2 billion merger between the New York Stock Exchange (NYSE) and Deutsche Börse risks being blocked in Europe, as it is facing strong opposition from the European Commission, reports say.

Counsel finalised for Swiss telecoms deal

Wednesday, 11 January 2012

France Telecom will sell Orange Switzerland after a bidding war
France Télécom and private equity company Apax have lined up their antitrust counsel after Apax’s acquisition of Orange Switzerland was approved by France Télécom’s board of directors yesterday.

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