News

Telecom Italia/Olivetti

Premium 01 May 1999

Italian telecommunications group Olivetti has launched a £37 billion hostile takeover bid for Telecom Italia, formerly the state monopoly provider. The bid will require Olivetti to divest its stake in the Omnitel mobile phone and the Infostrada fixed-line network. This will be the largest corporate takeover in Italian history if successful.

BNP/Société Générale/Paribas

Premium 01 May 1999

French banking group Société Générale has announced plans to merge with Compagnie Financière de Paribas.

Volvo/Ford

Premium 01 May 1999

Ford Motor Company is set to become the world’s second largest car manufacturer if its planned £4 billion acquisition of AB Volvo of Sweden goes through.

GEC/British Aerospace

Premium 01 May 1999

British Aerospace plc took a lead role in European defence consolidation with plans to buy General Electric Co’s Marconi defence unit for £7.7 billion.

Bogle & Gates dissolution

Premium 01 May 1999

Seattle firm Bogle & Gates PLLC ceased to practise law on March 31. The decision to dissolve the 173-lawyer firm followed the departure of eight partners to the Seattle office of Dorsey and Whitney in January.

FTC Director joins Fulbright & Jaworski

Premium 01 May 1999

Former Director of the Southeast Regional Office of the Federal Trade Commission Anthony DiResta has joined the Washington office of Fulbright & Jaworski as of counsel. He will focus on complex commercial litigation for antitrust and unfair competition.

Simpson Grierson appoints new competition partner

Premium 01 May 1999

Competition specialist Elisabeth Welson has been appointed partner in the Wellington office of Simpson Grierson.

Liedekerke Wolter Waelbroeck & Kirkpatrick merges with Schiltz Linden Grolig

Premium 01 May 1999

Belgian firm Liedekerke Wolter Waelbroek & Kirkpatrick has merged with primarily Flemish boutique practice Schiltz Linden Grolig to improve its national coverage.

Former FTC man joins Hogan & Hartson

Premium 01 May 1999

The former Assistant Director of the FTC’s Premerger Notification office, Joseph Krauss, has joined Washington DC firm Hogan & Hartson as counsel.

Olswang goes to Brussels

Premium 01 May 1999

UK firm Olswang is increasing its strength in the competition field with a new office in Brussels and new recruitment in London.