News

Halliburton/Dresser

Premium 01 January 1998

In the successful merger of two of the world’s leading oilfield services companies, Halliburton Company and Dresser Industries Inc, a team of in-house and outside counsel negotiated a consent decree with the Department of Justice in the US and supervised and worked with local counsel in obtaining clearances in the EU, Canada, Mexico and number of other jurisdictions.

Heineken/Brewpole cleared in Poland

Premium 01 January 1998

The Polish antimonopoly authorities have recently cleared a merger between Heineken and Brewpole, both active for several years in the Polish beer market.

Kroger/Fred Meyer

Premium 01 January 1998

Since August, the North American food retailing market has seen a wave of mergers worth nearly US$30 billion, as stores band together to challenge retail giant Wal-Mart’s move into the grocery business.

ABB/Elsag Bailey

Premium 01 January 1998

The acquisition of Elsag Bailey Automation systems by the Swiss-Swedish engineering and technology company ABB is currently under heavy regulatory scrutiny.

Visa/Mastercard

Premium 01 January 1998

The US Department of Justice Antitrust Division has filed a civil suit against Visa and Mastercard for violation of Section 1 of the Sherman Act.

Ciba/Clariant

Premium 01 January 1998

The merger of Swiss chemicals manufacturer Ciba Speciality Chemicals and Clariant Ltd is expected to create one of the world’s largest speciality chemical concerns, with annual sales of around 18 billion Swiss francs.

BP/Amoco

Premium 01 January 1998

The merger between oil giants BP and Amoco is set to be the largest industrial merger to date – the combined firm, which is to be named BP Amoco plc and headquartered in London, will have a market capitalisation of around US$100 billion.

Merrill Lynch/ Mercury Asset Management

Premium 01 December 1997

US investment bank Merrill Lynch is attempting to surge ahead of rival global fund managers with its proposed US$3.1 billion takeover of Mercury Asset Management.

Ernst & Young/ KPMG

Premium 01 December 1997

The announcement of merger plans by Big Six accountants Ernst & Young and KPMG on 20 October sparked off concerns in a variety of quarters.

Department of Justice v Microsoft

Premium 01 December 1997

The US Department of Justice hopes to clarify some problems in the antitrust field in relation to technology when it prosecutes computer software giant Microsoft. The DoJ has filed a petition in the District of Columbia asking a judge to find the company in breach of a consent decree of 1995 requiring the company to alter the way it supplied software to personal computer manufacturers.