Glencore buys Canadian agri-business

Thursday, 22 March 2012

Glencore is the world's largest commodity trader
Glencore yesterday announced plans to acquire global agri-business Viterra for C$6.1 billion, a deal that will potentially require regulatory approval in Canada, Australia and Europe.

Australia confirms packaging merger

Thursday, 22 March 2012

Visy can proceed with its purchase of HP
The Australian Competition and Consumer Commission (ACCC) has approved Visy Industries Australia’s acquisition of HP’s PET and plastic assets, with a warning that companies should not act too quickly in appointing receivers for unapproved mergers.

Bets off for South African horseracing mergers

Wednesday, 21 March 2012

The commission says the transactions would allow Phumelela further entrench its market dominance
South Africa’s Competition Commission has prohibited two linked transactions in the horseracing industry because of concerns they would further increase the market share of the industry’s dominant player.

Deutsche Börse to challenge EU merger block

Tuesday, 20 March 2012

NYSE and Deutsche Börse canceled their merger after a EU prohibition
Deutsche Börse says it will appeal against the European Commission’s prohibition of its US$9 billion merger with NYSE Euronext – which has yet to join in the appeal.

UPS/TNT to attract antitrust scrutiny, says Deutsche Post

Tuesday, 20 March 2012

UPS has agreed to buy TNT for €5.2 billion
Logistics company United Parcel Service (UPS) has agreed to buy its competitor TNT for €5.2 billion, after the target rejected an initial lower offer. Rival Deutsche Post says the tie-up will raise competition concerns in the EU.

Bell and Astral announce vertical media merger

Monday, 19 March 2012

Bell is seeking to acquire Astral for C$3.4 billion
Canada’s largest telecoms company, Bell Canada Enterprises, has announced plans to acquire television company Astral Media, in a deal that will require approval from the Canadian Radio-television and Telecommunications Commission (CRTC) and Competition Bureau.

Cisco/NDS to be notified in the US

Friday, 16 March 2012

Cisco will buy NDS for US$5 billion
Cisco has agreed to buy software company NDS for US$5 billion to increase its presence in the video communications market, a deal that requires antitrust clearance in the US and other jurisdictions.

FTC changes tack in paint case

Thursday, 15 March 2012

Richard Parker, counsel to Graco, and J Robert Robertson,counsel to Illinois Tool Works
The US Federal Trade Commission (FTC) has withdrawn its administrative complaint against powder paint rivals Graco and Illinois Tool Works in favour of trying to reach a settlement agreement over the companies’ proposed merger.

IAG offers concessions in BMI bid

Tuesday, 13 March 2012

BA-owner IAG yesterday offered the DG Comp concessions
The European Commission yesterday extended its review of IAG’s proposed acquisition of Lufthansa subsidiary BMI, after the British Airways owner approached it with concessions.

Molycorp/Neo announce rare earth vertical merger

Monday, 12 March 2012

A rare earth mine in China
US mining group Molycorp last week announced plans to acquire Canadian rare earth processor Neo Material Technologies for C$1.3 billion (€996 million). The merger will combine the owner of the largest rare-earth deposit outside of China with a leading rare earth processing technology company.

South Africa approves Wal-Mart/Massmart

Friday, 09 March 2012

Wal-Mart and Massmart can now proceed with operations in SA
South Africa today cleared Wal-Mart’s acquisition of Massmart, with “innovative” conditions that present a new framework for addressing public interest concerns in merger cases.

Korea clears Google/Motorola

Thursday, 08 March 2012

Google is buying Motorola and its 17,000 patents
Korea’s Fair Trade Commission (KFTC) today unconditionally cleared the US$12.5 billion merger between Google and Motorola Mobility, saying that although concerns over possible patent abuse remain, these concerns are not merger-specific.

T-Mobile and Sprint push Verizon probe pause

Thursday, 08 March 2012

Verizon's filing contained self-censored informaiton
T-Mobile and Sprint Nextel have asked the US Federal Communications Commission (FCC) to ‘stop the clock’ on its review of Verizon Wireless’s bid to buy US$3.6 billion in wireless spectrum, seeking full disclosure of the deals the company has made with cable operators.

Namibia passes Wal-Mart/Massmart with relaxed conditions

Wednesday, 07 March 2012

Namibia retained some public interest conditions imposed by the commission
Wal-Mart and Massmart have cleared the final hurdle required to operate in Namibia, after the country’s Ministry of Trade and Industry approved the merger with conditions.

Western Digital/Hitachi hit with more remedies

Tuesday, 06 March 2012

Western Digital announced its intention to buy Hitachi a year ago
China and the US have imposed more structural commitments on the US$4.5 billion merger between Western Digital and Hitachi, with China’s Ministry of Commerce (MOFCOM) taking the tougher stance and ordering to keep the two businesses separate for at least two years.

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