Deals

Merger dodges ACCC by going to court

Merger dodges ACCC by going to court

23 June 2017

The Australian Competition Tribunal has conditionally cleared the tie-up of gambling operators Tabcorp and Tatts, after the companies approached the specialist court when the Australian Competition and Consumer Commission expressed concerns about the deal.

South Africa blocks shipping deal

South Africa blocks shipping deal

21 June 2017

The Competition Commission of South Africa has prevented three shipping companies from creating a joint venture between their container liner shipping businesses, after finding the deal would increase the likelihood of coordination between the companies.

CMA increases Phase II referral thresholds

CMA increases Phase II referral thresholds

19 June 2017

The UK’s competition enforcer has increased the market size threshold for mergers to be referred to in-depth investigation in a bid to reduce the number of small mergers it scrutinises.

US DOJ conditionally clears Dow/DuPont merger

16 June 2017

The US Department of Justice’s antitrust division has said Dow Chemicals and DuPont could complete their $130 billion merger if they divest certain herbicides, insecticides and plastics businesses.

DG Comp clears private equity deal with conditions

DG Comp clears private equity deal with conditions

12 June 2017

The European Commission’s Directorate-General for Competition has cleared Nordic Capital’s acquisition of credit management service company Intrum Justitia, subject to the private equity company selling parts of a similar business in its portfolio.

DG Comp takes Qualcomm/NXP to Phase II

DG Comp takes Qualcomm/NXP to Phase II

12 June 2017

Qualcomm’s acquisition of NXP Semiconductors could harm competition in markets for semiconductors that are used in smartphones and automobile technology, the European Union’s competition enforcer has said.

Iceland blocks styrofoam merger

Iceland blocks styrofoam merger

09 June 2017

Iceland’s antitrust enforcer has blocked a merger between two styrofoam and insulation manufacturers, after concluding the tie-up would create a near-monopoly on the market.

Johnson & Johnson wins EU approval to buy Actelion

Johnson & Johnson wins EU approval to buy Actelion

09 June 2017

The European Commission’s Directorate-General for Competition has conditionally cleared pharmaceutical company Johnson & Johnson’s acquisition of Swiss biotechnology company Actelion after a Phase I review, subject to conditions aimed at maintaining competition in the development of insomnia drugs.

Australia clears Dow/DuPont

Australia clears Dow/DuPont

08 June 2017

Australia’s competition enforcer will not oppose the €140 billion agrichemical tie-up between Dow and DuPont, saying today that the companies’ agreed remedy package with the European Commission addressed its competition concerns.

Incentives in big data deals need to be examined, DG Comp official says

Incentives in big data deals need to be examined, DG Comp official says

07 June 2017

European Commission information, communication and media director Guillaume Loriot says competition policy must not discourage the use of big data, but must “carefully” assess it in merger control.