Johnson & Johnson (J&J) has sold its trauma unit to medical device manufacturer Biomet, a concession which it hopes will pave the way for European approval of its US$21 billion takeover of medical device maker Synthes.
The US Federal Trade Commission (FTC) has ordered ProMedica Health System to divest St Luke’s Hospital, ruling that the August 2010 acquisition is likely to substantially lessen competition in Ohio’s health-care sector.
The European Commission has cleared International Consolidated Airlines Group’s (IAG) acquisition of British Midlands (BMI) with conditions that it divests airport slots and agrees to feed connecting passengers to flights operated by competitors.
Germany’s government has proposed changes to its merger control law, including introducing an EU-inspired test, but the country’s Federal Cartel Authority has said the present test will still be relevant.
The rise in US merger litigation in recent years is good for both the development of antitrust practice and for business, according to a panel of enforcers and private practice lawyers speaking yesterday at the ABA Spring Meeting. David Vascott in Washington, DC.
The US Department of Justice’s antitrust division (DoJ) has approved the US$150 million acquisition by health insurance company Humana of its competitor Arcadian, provided that the buyer sells its new Medicare Advantage businesses in 51 counties and parishes.
The US Federal Trade Commission (FTC) has partially cleared the merger of powder paint companies Graco and Illinois Tool Works (ITW), allowing Graco to move ahead with the deal provided it sets aside a portion of the business until the FTC completes its review.
The Australian Competition and Consumer Commission (ACCC) has cleared Amcor’s takeover of Aperio Group without conditions, despite an initial assessment that the deal would substantially lessen competition for the supply of flexible packaging products in Australia.
The European Commission today opened an in-depth investigation of United Technology’s (UTC) US$18.4 billion bid for aviation equipment rival Goodrich, extending its review of one of the largest transactions in the aerospace industry in recent years.
Poland’s Office of Competition and Consumer Protection has cleared a merger between two drug makers on the condition that the merged company divests three of its product lines.
France’s Competition Authority has approved building material group Saint-Gobain’s acquisition of plumbing and heating distributor Brossette, but asked the buyer to sell several stores to address local competition concerns.
The European Commission has opened an in-depth investigation of Universal Music Group’s bid for EMI Music after an initial review highlighted competition concerns.
The UK’s Competition Commission (CC) has ordered waste disposal companies Stericycle and Ecowaste Southwest to reverse their merger after concluding that the tie-up could increase prices and lower service levels in the local market.
The Australian Competition and Consumer Commission (ACCC) has cleared an alliance between Virgin Australia and regional airline Skywest, saying the combination will promote competition.