News

Celltech/Chiroscience

Premium 01 September 1999

UK firms Celltech and Chiroscience are to merge in a deal valued at £331 million, creating one of the largest bioscience companies in Europe.

New Holland/Case

Premium 01 September 1999

Dutch agricultural equipment company New Holland NV is to merge with Case Corporation of the US to form a US$12 billion global equipment company.

Vivendi/Pathé

Premium 01 September 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.

Stagecoach/Coach USA

Premium 01 September 1999

The UK’s largest transport group, Stagecoach, is to purchase Houston-based company Coach USA in a transaction valued at US$1.8 billion.

AirLiquide/AirProducts/BOC

Premium 01 September 1999

Air Liquide SA of France and US company Air Products and Chemicals Inc have launched a new joint offer to acquire British industrial gases company BOC Group PLC for £7.2 billion.

Rhodia/Albright & Wilson

Premium 01 September 1999

The acquisition by Rhodia SA of UK-based international chemicals company Albright & Wilson plc has recently received clearance from the European Commission under the EC Merger Regulation.

PowerGen sells plants to Edison Mission

Premium 01 September 1999

UK power company PowerGen has sold two power plants to Edison Mission Energy of the US in a £1.3 billion cash transaction.

Israeli credit card probe

Premium 01 September 1999

The Israeli credit card market is to be further opened to competition, following the conclusion of discussions between the Israeli Antitrust Authority and the two banking groups Bank Leumi and Bank Hapoalim, which jointly dominate the market.

BristolTechnology/Microsoft

Premium 01 September 1999

On July 16, a federal jury in Connecticut rejected charges of anti-competitive behaviour brought against Microsoft Corporation by computer manufacturer Bristol Technologies Inc.

Volvo admits to price-fixing

Premium 01 September 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.