Deals

US beats appeal of insurance merger block

US beats appeal of insurance merger block

28 April 2017

A divided federal appeals court today upheld a decision to stop two of the largest health insurers in the US from merging, potentially rendering irrelevant a separate court battle between the companies themselves.

AG Kokott slams DG Comp uncertainty on joint venture

AG Kokott slams DG Comp uncertainty on joint venture

27 April 2017

An advocate general at the EU’s Court of Justice today criticised the European Commission for flip-flopping on its jurisdiction over an Austrian deal – the first-ever reference for a preliminary ruling on the EU’s merger control regime – and advised the court on when non-fully functional entities in a joint venture are subject to EU law.

CMA finds ICE/Trayport must dissolve agreement

CMA finds ICE/Trayport must dissolve agreement

26 April 2017

The UK’s Competition and Markets Authority yesterday provisionally found Intercontinental Exchange must immediately dissolve an agreement made with trading software provider Trayport.

Danish court imposes fine for misleading merger filing

Danish court imposes fine for misleading merger filing

25 April 2017

A regional court in Denmark last week fined food wholesaler Metro Cash & Carry Denmark 50,000 kroner (€6,720) for filing a misleading deal notification to the country’s competition enforcer when it sold two stores to Euro Cater in 2014.

US DOJ: challenged nuclear waste deal is horizontal

US DOJ: challenged nuclear waste deal is horizontal

24 April 2017

In opening statements at trial today, the US Department of Justice said an incumbent nuclear waste disposal company was acquiring an aggressive direct rival – but the defendant companies claimed the target is no substitute for the buyer, and is on the brink of liquidation.

UK intervenes in telecoms deal following national security concerns

UK intervenes in telecoms deal following national security concerns

13 April 2017

The UK’s business ministry now has the final say over a Chinese company’s takeover of a digital radio manufacturer, marking the first time the country’s government has intervened on national security grounds in just over a decade.

China and Mexico clear ChemChina/Syngenta

China and Mexico clear ChemChina/Syngenta

12 April 2017

Mexico’s competition authority yesterday required Syngenta to divest five products to have its deal with ChemChina approved, while China’s Ministry of Commerce unconditionally cleared the state-owned company’s acquisition of the Swiss agrichemical rival today.

DG Comp conditionally clears Maersk/Hamburg Süd

DG Comp conditionally clears Maersk/Hamburg Süd

11 April 2017

Europe’s competition watchdog yesterday allowed Danish global shipping company Maersk Line’s bid to acquire German competitor Hamburg Süd, conditioned on the German company ending vessel-sharing agreements on five trade routes.

DG Comp clears ChemChina/Syngenta

DG Comp clears ChemChina/Syngenta

05 April 2017

A day after approval was announced in the US, Europe’s competition watchdog has cleared ChemChina’s US$43 billion (€40 billion) takeover of Syngenta with significant divestiture commitments.

DG Comp blocks Cemex Croatia takeover

DG Comp blocks Cemex Croatia takeover

05 April 2017

The European Commission today announced it has blocked the proposed takeover of Cemex Croatia by German cement companies HeidelbergCement and Schwenk, after finding the remedies the companies proposed failed to address the commission’s antitrust concerns.