Work Area: Merger Control

FTC loses bid to block Philadelphia hospital merger

The Federal Trade Commission and the Commonwealth of Pennsylvania failed to show that Jefferson Health’s acquisition of Albert Einstein Healthcare Network would likely violate US antitrust law, a Pennsylvania federal court has held.

09 December 2020

FTC seeks injunction against P&G/Billie deal

The Federal Trade Commission has challenged Procter & Gamble’s acquisition of women’s razor startup Billie, alleging that the transaction would eliminate a nascent competitor in the US market.

09 December 2020

CMA calls for mandatory notification of tech deals

The UK’s competition watchdog has advised the government to implement a new mandatory merger notification regime for powerful tech companies that have “strategic market status”.

08 December 2020

EU green lights pigment deal

The European Commission has approved DIC’s €1.15 billion acquisition of BASF Colors & Effects, subject to the buyer divesting a facility in the US that manufactures the majority of its pigments.

08 December 2020

Australia’s top court refuses to take first merger case

Australia’s highest court has rejected a request by the country’s antitrust watchdog to examine the competitive effects of rail company Pacific National’s acquisition of a key intermodal terminal from Aurizon after a lower court cleared the deal.

08 December 2020

FTC sues to block hospital merger in New Jersey

Hackensack Meridian Health’s proposed acquisition of rival Englewood Healthcare Foundation is likely to substantially harm competition for inpatient services in northern New Jersey, the Federal Trade Commission has said.

04 December 2020

Goodwin, Quinn Emanuel and Wachtell advise on Salesforce/Slack deal

Goodwin Procter and Quinn Emanuel Urquhart & Sullivan are advising Slack on antitrust issues related to its $27.7 billion sale to Salesforce.com, while the cloud-based software company has turned to Wachtell Lipton Rosen & Katz for competition counsel.

03 December 2020

Chopra suggests using “crown jewel” provisions to ensure consent decree compliance

The Federal Trade Commission should consider requiring merging parties to divest additional assets if they fail to comply with a settlement agreement, one of its members has said.

03 December 2020

CMA warns of parallel investigations after Brexit transition period

The UK’s competition watchdog has said a “significant proportion” of deals will face parallel merger investigations in the UK and the EU after the Brexit transition period, while also warning it could issue interim orders to deals already approved by the European Commission.

02 December 2020

Common minority ownership – Is the CCI setting a new standard?

Common ownership has been a hot topic in antitrust law for a while and the debate as to its competitive effect is far from settled. India’s competition watchdog recently imposed conditions on a 3% investment because of minority holdings the buyer had in a rival company. Hemangini Dadwal, a partner at AZB & Partners, and associate Shreya Singh examine the potential impact of that decision.

01 December 2020

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