Work Area: Merger Control

DOJ prosecutions on the rise, but fines plummet

Criminal antitrust prosecutions are near an all-time high at the Department of Justice, but the Antitrust Division secured just $1.4 million in fines last year.

23 January 2023

Australia seeks feedback on construction chemicals merger remedies

The Australian Competition and Consumer Commission has begun consulting on the local aspects of a global divestment package proposed by Sika as it seeks approval for its €5.1 billion acquisition of rival chemical admixture supplier MBCC.

20 January 2023

Fate of Assa Abloy merger hinges on witnesses, judge says

The outcome of the Department of Justice’s challenge to the merger of two lock manufacturers will depend on witness testimony, not the squabbling of attorneys and economists, the presiding judge has said.

20 January 2023

Spain issues record gun jumping fine

Spain’s competition authority has issued what appears to be its largest-ever gun jumping penalty, fining the country’s fourth-largest mobile network operator €1.5 million for failing to notify its acquisition of a rival three years ago.

19 January 2023

Antitrust Division official highlights increased inter-agency collaboration

The Department of Justice is working with other federal agencies on ongoing merger reviews as a result of President Joe Biden’s 2021 executive order ordering a whole-of-government approach to competition policy, a senior counsel at the Antitrust Division has said.

19 January 2023

Third Circuit grapples with evidence in US Sugar appeal

A lower court’s findings of fact may undermine the Department of Justice’s bid to unwind US Sugar/Imperial Sugar, the US Court of Appeals for the Third Circuit has said.

19 January 2023

DOJ and Assa Abloy argue over litigating the fix

Requiring the government to litigate against a divestiture package proposed by lock manufacturers Assa Abloy and Spectrum Brands would circumvent the purpose of merger reviews, the Department of Justice has told a federal court in Washington, DC.

18 January 2023

Consumer group urges ACCC to block banking deal

A leading consumer group has argued that Australia and New Zealand Banking Group’s proposed acquisition of smaller rival Suncorp Bank marks the “tipping point” in eliminating effective competition among the country’s banks.

16 January 2023

Belgian court rejects Carrefour’s interim injunction request

An appellate court in Belgium has refused to temporarily suspend the national competition authority’s unconditional approval of a deal between two of Carrefour’s rivals, although it has allowed the supermarket chain to challenge the clearance.

16 January 2023

Finland deepens probe into three-to-two infrastructure deal

Finland’s competition watchdog is launching a Phase II investigation into a merger between two providers of critical infrastructure services, after its initial review warned of harm in both the telecommunications and energy sectors.

16 January 2023

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