A US judge who has been asked to sign off on a government agreement that allowed CVS Health to buy health insurer Aetna ordered a hearing for April 5 on the matter. Judge Richard Leon of the US District Court for the District of Columbia issued the order on Thursday, March 14, saying that he […]
A US administrative law judge has dropped a hearing into Sinclair Broadcast’s US$3.9 billion bid to purchase Tribune Media because the deal had failed and further proceedings would be an “academic exercise.” But Administrative Judge Jane Halprin said in an order released on Tuesday, March 5, allegations that Sinclair, the largest US broadcast station owner, […]
Dollar Tree announced Wednesday, March 6, it will close up to 390 Family Dollar stores this year and convert another 200 into Dollar Tree locations. Additionally, while trimming Family Dollar stores, it will open 200 others in an updated format, while adding 350 new Dollar Trees. The merger, after a bidding war, was supposed to […]
According to the Financial Times, Margrethe Vestager has warned national capitals to be “aware of the consequences” of watering down merger rules, saying such a move would amount to a “strategic choice” to change Europe’s economic model. “We have a lot of state intervention in our economy but basically it is a very strategic choice […]
Experian has backed down over its $275m merger with credit rating checker rival Clearscore after a watchdog warned it could harm competition in the sector. “Taking into account subsequent interaction with the CMA (Competition and Markets Authority), Experian does not believe that the CMA will approve the proposed acquisition of ClearScore on satisfactory terms,” Experian said […]
According to a report in the Financial Times, by vetoing the merger between Alstom and Siemens last week, Ms Vestager demonstrated some of the raw power of the European Commission, and reminded some in Paris and Berlin why they may prefer a more pliable president to replace Jean-Claude Juncker. “It’s a pity,” said one senior […]
Banks are finding it easier to merge since Donald Trump took office, and since federal regulators have revised policies to make the approval process faster to complete. According to The Wall Street Journal (WSJ), the Federal Reserve revealed that the average merger review time — with opposition from community groups — fell to 3.8 months […]
The Ninth US Circuit Court of Appeals on Friday, February 8, ordered the reinstatement of a jury’s US$44 million award against Swisher International—the world’s largest cigar-maker—based on its effort to stifle competition from an upstart rival. Following the jury’s April 2016 determination that plaintiff Trendsettah USA incurred damages in the amount of US$44,446,482 based on […]
According to a report from Reuters Siemens and Alstom’s merger collapsed on Wednesday after EU regulators blocked the deal, prompting Germany and France to call for an overhaul of EU competition policy to better meet global challenges. The European Commission also rejected a bid by German copper company Wieland-Werke AG to buy a business unit from Aurubis, Europe’s […]
New foreign direct investment (FDI) rules regarding online marketplaces may cause issues for the Walmart-Flipkart merger. According to investment bank Morgan Stanley, Walmart may back out of its merger with Indian e-commerce giant Flipkart, reported India Today. Implemented from February 1, the new FDI rules bar online marketplaces with foreign investments from selling products from […]