News

Former Rogers & Wells head of antitrust joins King & Spalding

Premium 01 September 1999

Richard Cirillo, the former head of the Rogers & Wells antitrust department, has left the firm to join rivals King & Spalding.

Global antitrust practice

Premium 01 September 1999

Clifford Chance/Rogers & Wells/Pünder Volhard + Malleson?

Borg-Warner Automotive/ Kuhlman

Premium 01 August 1999

Chicago-based car components manufacturer Borg-Warner Automotive has acquired engine manufacturer Kuhlman in a US$680 million transaction completed in March.

Sweden: New de minimis notice from the Competition Authority

Premium 01 August 1999

The new notice on agreements of minor importance broadly follows the European Commission’s de minimis notice.

Netherlands: End in sight for Dutch book cartel

Premium 01 August 1999

General conditions laying down fixed prices for foreign books have been judged to be in breach of the Dutch Competition Act. The importers who unsuccessfully defended the fixed prices made reference to an exemption under the old competition regulation in which the fixed prices for domestic books were upheld. The negative decision of the Dutch Competition Authority on fixed prices for foreign books makes clear that fixed prices for domestic books could also be jeopardised in the future, which would mean the end of the socalled Dutch book cartel.

Vivendi/ Pathe

Premium 01 August 1999

French group Vivendi is to buy the pay- TV operations of film and television producer Pathé in a deal valued at US$2.5 billion.

Volvo admits to pricefixing

Premium 01 August 1999

Volvo Car UK has admitted supporting secret agreements to fix car prices in the UK, following an Office of Fair Trading investigation which uncovered evidence that Volvo dealers had agreed not to offer discounts beyond certain levels.

TotalFina/ Elf

Premium 01 August 1999

Consolidation in the oil industry shows no sign of abating, with French oil giant TotalFina launching an unsolicited US$42.98 billion allstock bid for French-based Elf- Aquitaine in early July.

WalMart/ Asda

Premium 01 August 1999

US retailing giant WalMart is to buy the UK supermarket chain Asda Group in a cash deal valued at US$10.8 billion.

Undersea cable investigation

Premium 01 August 1999

The US government has launched an investigation into anti-competitive practices in the undersea cable business.