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Unilever deal requires mammoth notification effort

Premium - 10 December 2000

In a deal valued at US$1.6 billion Johnson Wax Professional has agreed to buy DiverseyLever, an institutional and industrial cleaning business owned by Unilever. The deal will pair the number two and number three institutional and industrial cleaning products companies, giving the combined group a 17 per cent share of the US$15-billion worldwide market.

Former Sotheby's chairman guilty

Premium - 10 December 2000

Alfred Taubman, the former chairman of auction house Sotheby’s, was convicted in New York last week of conspiring with the management of rival auction house Christie’s to fix commissions.

Conoco and Phillips to merge

Premium - 03 December 2000

Phillips Petroleum has announced a ‘merger of equals’ with Conoco that will create the third-largest integrated energy company in the US and the largest gasoline retailer.

Sungard wins antitrust case

Premium - 03 December 2000

In a significant ruling, the Columbia District Court has cleared the way for the acquisition by Sungard Data Systems of the business of troubled firm Comdisco,a disaster recovery company which filed for Chapter 11 protection in July.

P&O Princess in 'virtual' merger with Royal

Premium - 03 December 2000

The London-based cruise company P&O Princess has announced that it will combine with Royal Caribbean Cruises Ltd of Miami. The transaction is valued at US$6.1 billion and will create a new market leader with a fleet of 41 ships.

Dynegy abandons Enron merger

Premium - 03 December 2000

US corporation Dynegy has walked away from the proposed US$9 billion merger with Enron, its embattled local Houston energy trading company. Representatives of both companies tried this week to rework the deal, aimed at rescuing Enron from the brink of financial collapse, after the company’s share price tumbled in the wake of revelations about its balance sheet.

Commission grants first full leniency

Premium - 03 December 2000

The European Commission has fined eight companies 855.22 million euro for operating a cartel in the vitamins market between 1989 and 1999. And, for the first time, it has granted a 100 per cent reduction under its Leniency Notice.

Turnaround in fortunes for London Economics

Premium - 01 December 2000

The UK subsidiary of London Economics, London Economics Ltd, appears to be facing a brighter future following an 18-month saga of defections and unrest.

Steenbergen and Herbert join Allen & Overy

Premium - 01 December 2000

A majority of Belgium law firm Loeff Claeys Verbeke have announced that they will be joining Allen & Overy.

... and announces a change of location for Eric Mahr

Premium - 01 December 2000

Wilmer, Cutler & Pickering has also announced that counsel Eric Mahr has moved from the firm's Washington DC office to its Brussels office.