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France's Wanadoo bags UK internet leader

Premium - 01 February 2001

Freeserve, the UK's largest internet service provider, is to merge with France Telecom subsidiary Wanadoo in a US$2.3 billion deal. The acquisition by Wanadoo is seen as an important step in its, and parent France Telecom's, expansion. Wanadoo dominates the French internet sector ahead of AOL France and Liberty Surf SA; however, its presence elsewhere is minimal.

Three airlines submit joint venture

Premium - 01 February 2001

German airline Lufthansa hopes to get approval from Brussels soon for its joint venture with SAS Scandinavian Airlines and British Midland. The deal would see the three carriers harmonise prices and share revenues on key routes in Europe.

SKB cleared on Block Drug

Premium - 01 February 2001

SmithKline Beecham's US$1.24 billion acquisition of Block Drug has now received antitrust clearance in the US, EU, Canada, Australia and Poland.

Abbott Laboratories buys BASF Pharma

Premium - 01 February 2001

The world's largest chemical company, BASF Pharma in Germany has sold its pharmaceuticals operations for US$6.9 billion to Abbott Laboratories of Illinois, USA.

EU to block Metsä-Serla/ SCA

Premium - 01 February 2001

The European Commission is to block the Metsä-Serla/SCA tissue paper deal on competition grounds, according to press reports. Sources close to the deal say that a rejection is "likely". The proposed deal raised competition concerns in the Scandinavian and European markets.

PepsiCo steps in after rival gets cold feet

Premium - 01 February 2001

PepsiCo is all set to buy Quaker Oats after late antitrust concerns forced rival Coca-Cola out of the running. It is thought Coke felt that it would be unable to get a deal past the FTC. PepsiCo is now offering US$13.4 billion for the diversified food group – which makes it potentially PepsiCo's biggest-ever deal.

Tyson Foods lands IBP

Premium - 01 February 2001

Chicken giant Tyson Foods Inc has successfully fought off rival Smithfields Food Inc to acquire IBP Inc for US$3.2 billion. Commentators expect the deal to attract considerable antitrust scrutiny over the coming months.

Seagram sold to Diageo/Pernod-Ricard

Premium - 01 February 2001

Pernod-Ricard and Diageo are teaming up to buy Seagram's drinks porfolio. The porfolio encompasses an array of alcoholic brands including Captain Morgan Rum and Martell Cognac. It also includes distribution rights for brands such as Absolut Vodka, Mumm, and Perrier-Jouët champagnes in the US. Diageo and Pernod will pay US$8.2 billion.

Matheson Ormsby Prentice appoints new EU Competition Head

Premium - 01 February 2001

Ireland's largest corporate law firm, Matheson Ormsby Prentice has appointed Helen Kelly as head of its EU, Competition and Regulatory Group.

Mexican Regulator moves to join Lopez Velarde

Premium - 01 February 2001

Leon Ricardo Elizondo joins law firm Lopez Velarde Hefte Abogados this month as antitrust partner, following five years as general counsel for Mexico's Federal Competition Commission.