Legislation Antitrust

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  • SYDNEY, July 21- Australia's antitrust watchdog on Thursday gave the green light to a A $9.1 billion buyout of rail freight giant Asciano Ltd by a global consortium led by Canada's Brookfield Asset Management Inc.. The Australian Competition and Consumer Commission had been concerned the deal would give Asciano's new owners, which include Australian...

  • NEW YORK, July 20- Anheuser-Busch InBev and SABMiller received approval for their $107 billion merger from U.S. antitrust regulators on Wednesday after the companies agreed to unload beer assets and preserve competition from independent craft brewers. The Belgian brewer will make concessions beyond its publicly stated offer to sell it stake in...

  • NEW YORK, July 20- U.S. antitrust regulators approved on Wednesday a $107 billion deal to combine the world's top two brewers, Anheuser-Busch InBev and SABMiller, after securing an agreement from the companies to unload U.S. beer assets and preserve competition from independent craft brewers. "The remedy we secured will help preserve and promote competition in...

  • July 20- Anheuser-Busch InBev SA has secured U.S. antitrust approval for its takeover of SABMiller Plc, after the Budweiser maker agreed to give up ownership of the Miller brand, Bloomberg reported, citing people familiar with the matter.

  • NEW YORK, July 19- U.S. antitrust officials will file lawsuits to stop the two large health insurance deals they have been scrutinizing for a year, Anthem Inc's acquisition of Cigna Corp and Aetna Inc's takeover of Humana Inc, a person familiar with the matter told Reuters. Anthem officials said in May that the Justice Department was particularly concerned about...

  • NEW YORK, July 19- U.S. antitrust officials are poised to file lawsuits to block Anthem Inc's acquisition of Cigna Corp as well as Aetna Inc's takeover of Humana Inc, a person familiar with the matter told Reuters. Bloomberg first reported that the Justice Department had decided to sue to block the mergers. Humana and the Justice Department were not immediately...

  • July 19- U.S. seed company Monsanto Co rejected a sweetened $125- per-share offer from Bayer AG, but said it was open to continue talks with the German chemicals group as well as other parties. Bayer had increased its bid by $3 per share last Thursday, making the $125- per-share offer the largest all-cash bid on record. It also offered a $1.5 billion reverse antitrust...

  • BRUSSELS, July 19- Daimler, Paccar and two other truckmakers were fined a record 2.9 billion euros by EU antitrust regulators on Tuesday for taking part in a 14- year cartel. Daimler received the biggest fine at 1.01 billion euros while Volkswagen-owned MAN escaped a penalty because it had alerted the cartel to the European Commission. "It is not acceptable that...

  • BRUSSELS— The European Union has slapped its biggest ever cartel fine, worth $3.24 billion and twice the previous record, on several of Europe's top truck producers for colluding to keep prices artificially high at the expense of consumers. EU Antitrust Commissioner Margrethe Vestager said EU-based MAN, Volvo/ Renault, Daimler, Iveco and DAF "colluded on the...

  • NEW YORK, July 18- While Wall Street is largely betting that antitrust regulators will stop Humana Inc's takeover by larger rival Aetna Inc, shares of Humana could still fall as much as 18 percent if the deal unravels, investors and analysts say. Aetna and Humana's overlap is primarily in managing Medicare Advantage health programs for the elderly, a position...

  • July 14- German drug and crop chemical group Bayer AG on Thursday announced details of a sweetened $64 billion bid for Monsanto Co as it tries to put the U.S. seed company under pressure to engage further. Bayer said on Thursday that it had raised its offer to $125 a share from $122 in cash and offered Monsanto a $1.5 billion reverse antitrust breakup fee, "...

  • BRUSSELS, July 14- EU regulators have brought a third antitrust charge against Alphabet Inc's Google, accusing it of blocking rivals in online search advertising, a move that raises the pressure on the company to modify its practices or face hefty fines. The European Commission on Thursday also reinforced an existing charge against the world's most popular...

  • July 14- German drug and crop chemical group Bayer AG on Thursday announced details of a sweetened $64 billion bid for Monsanto Co as it tries to put the U.S. seed company under pressure to engage further. Bayer said on Thursday that it had raised its offer to $125 a share from $122 in cash and offered Monsanto a $1.5 billion reverse antitrust breakup fee, "...

  • July 14- German drug and crop chemical group Bayer AG on Thursday announced details of a sweetened $64 billion bid for Monsanto Co as it tries to put the U.S. seed company under pressure to engage further. Bayer said on Thursday that it had raised its offer to $125 a share from $122 in cash and offered Monsanto a $1.5 billion reverse antitrust breakup fee, "...

  • July 14- German drug and crop chemical group Bayer AG unveiled details on Thursday of a sweetened $64 billion acquisition offer for Monsanto Co as it seeks to put the U.S. seed company under pressure to engage further. Bayer said it had raised its offer to $125 a share from $122 in cash and offered Monsanto a $1.5 billion reverse antitrust breakup fee, "reaffirming...

  • BRUSSELS, July 14- EU regulators have brought a third antitrust charge against Alphabet Inc's Google, accusing it of blocking rivals in online search advertising, a move that raises the pressure on the company to modify its practices or face hefty fines. The European Commission on Thursday also reinforced an existing charge against the world's most popular...

  • BRUSSELS, July 14- EU regulators have brought a third antitrust charge against Alphabet Inc's Google, accusing it of blocking rivals in online search advertising, a move that raises the pressure on the company to modify its practices or face hefty fines. The European Commission on Thursday also reinforced an existing charge against the world's most popular...

  • BRUSSELS, July 14- EU regulators brought a third antitrust charge against Alphabet Inc's Google on Thursday, accusing it of blocking rivals in the lucrative online search advertising market. The European Commission also reinforced its existing charge against the world's most popular Internet search engine that its search results favour Google's own...

  • BRUSSELS— The European Union is expanding its anti-trust probe of Google to include the company's advertising business.

  • To win approval, they agreed to sell 13 bank branches in northeastern Ohio, two in Ashtabula county and 11 in Stark County, the department said in a statement. The deal, estimated to be worth about $3.4 billion, must still be approved by the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency. Ohio- based Huntington is in...