News

BP Amoco/Arco

Premium 01 July 1999

The newly merged oil giant BP Amoco is to expand further with the acquisition of Atlantic Richfield Co (Arco) in a stock deal valued at US$26.8 billion.

Vitamin cartel

Premium 01 July 1999

Swiss pharmaceutical company Hoffmann-La Roche agreed to plead guilty to leading a world-wide conspiracy to raise and fix vitamin prices, and is to pay the highest ever fine levied by the Department of Justice in a criminal case – US$500 million.

DoJ brings antitrust case against American Airlines

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The United States Department of Justice has filed an antitrust suit against American Airlines for alleged predatory behaviour on routes out of its Dallas hub.

Japan Telecom joint venture

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British Telecommunications and AT&T have announced that they are to acquire a 30 per cent share in Japan Telecom in a deal estimated to be worth US$1.2 billion.

IBM/ATT

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AT&T is to acquire IBM’s Global Network business in a cash transaction worth US$5 billion.

AT&T/MediaOne

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US telecoms giant AT&T has launched an unsolicited US$54 billion bid for one of the world’s leading broadband communications companies, MediaOne.

Maersk /SCL

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Leading shipping firm Maersk is to merge with South African Marine lines.

Alstom/ABB

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Alstom and ABB, the French and Swiss-Swedish engineering groups, are to pool their power generation business in a new jointly-held company which will have combined sales of 10 billion euros.

Pearson Group's newspaper joint ventures

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In February the European Commission cleared the acquisition of joint control in Spanish pubisher Unidad Editorial SA by Recoletos Compain Editorial.

DaimlerChrysler price fixing probe

Premium 01 July 1999

The European Commission has begun legal proceedings against DaimlerChrysler for breach of the European competition laws.