News

Alstom/Fiat Ferroviaria

Premium 01 January 2000

French energy and transport conglomerate Alstom SA is to acquire Fiat’s rail transport business, Fiat Ferroviaria, following EC antitrust clearance.

Honeywell/GE

Premium 01 January 2000

Subject to regulatory approval, General Electric (GE) is set to acquire Honeywell in a US$45-billion deal.

Deutsche Telekom

Premium 01 January 2000

Deutsche Telekom CEO Ron Sommer is facing a volatile few months as he attempts to steer through the biggest deal of his career: a US$50 billion stock and cash acquisition of VoiceStream Wireless, the US mobile phone outfit.

C3D/Go-Ahead

Premium 01 January 2000

C3D, a subsidiary of the French transport group Caisse des Dépôts et Consignations, has failed in its attempted takeover bid for the Go-Ahead Group, a UK transport group active in rail, bus and airport services.

AOL/Banco Santander Central Hispano

Premium 01 January 2000

Having received EU approval of its merger with Time Warner, America Online Inc has turned its attention to Spain, where the US-based online services company has announced a joint venture with Banco Santander Central Hispano (BSCH), the leading financial group in Spain and Latin America.

3G investigations in Europe

Premium 01 January 2000

The Financial Times reported on November 1 that the European Commission’s antitrust services will be monitoring third-generation (3G) mobile phone auctions now being held across Europe after problems were identified in Italy, the Netherlands and Austria.

Olympic Airways state aid

Premium 01 January 2000

A Norton Rose team has succeeded in getting a European Commission decision concerning the use of authorised guarantees from Greece to Olympic Airways amended.

Chevron and Texaco announce merger

Premium 01 January 2000

On October 16 Chevron and Texaco announced plans for a US$100-billion merger. The merged company, to be called ChevronTexaco Corporation, will be the third-largest producer of oil and gas in the United States and will have operations across the globe.

King & Spalding names new partner

Premium 01 December 1999

Atlanta-based law firm King & Spalding has elected Jeffrey Cashdan to the partnership. Cashdan's practice is focused on both antitrust and general litigation matters.

Block exemptions for Israel

Premium 01 December 1999

Israeli antitrust lawyers expect block exemptions to be in force soon following a parliamentary vote at the end of November. The exemptions are eagerly awaited by Israeli practitioners, many of whom complain that the country's restrictive practices law gives the Antitrust Authority too much discretion.