Legislation Antitrust

More

  • NEW YORK/ TEL AVIV, July 13- Teva Pharmaceutical Industries Ltd said on Wednesday it expected its $40 billion deal to buy Allergan Plc's generics business to close "at any time," even as the companies extended the deadline for completing the transaction to October to allow more time for the U.S. antitrust review. The deal closing is contingent on clearance from the...

  • July 13- Teva Pharmaceutical Industries Ltd said on Wednesday it expected its $40 billion deal to buy Allergan Plc's generics business to close "any time," even as the companies extended the deadline for completing the transaction to October to allow more time for U.S. antitrust approval. Teva shares rose 2.7 percent to $53.86 in New York trading, and Allergan...

  • July 13- Allergan Plc, which is planning to sell its generics business to Teva Pharmaceutical Industries Ltd, said on Wednesday that it was extending the deadline for closing the $40 billion deal to October as it waits for U.S. antitrust approval. Teva Chief Executive Officer Erez Vigodman said he expected antitrust approval and to close the deal "at any time now."

  • BRUSSELS, July 12- Alphabet Inc's Google has been given an extra 6 weeks to early September to respond to EU charges that it uses its dominant Android mobile operating system to squeeze out rivals, EU antitrust regulators said on Tuesday. The U.S. technology giant found itself under fire in April as the European Commission said its requirement that mobile phone...

  • NEW YORK/ WASHINGTON, July 8- Aetna Inc executives met with top Justice Department antitrust officials on Friday to convince the government that asset sales it proposed would address potential competitive problems that could threaten its deal to buy rival Humana Inc, according to a source familiar with the matter. Aetna's plan to buy Humana would combine two...

  • BRUSSELS, July 8- CK Hutchison Holdings and Vimpelcom are set to win EU antitrust approval for their deal to merge their rival Italian mobile network operators after agreeing concessions to help a new competitor break into the market, two people familiar with the matter said on Friday. Approval of the 21.8- billion-euro deal to merge Hutchison's 3 Italia with...

  • July 7- The U.S. Department of Justice has significant concerns about Aetna Inc's proposed acquisition of health insurer Humana Inc, a source familiar with the situation said on Thursday, and shares of Humana fell more than 11 percent. Antitrust regulators are mainly focused on whether the deal would limit consumer choices for Medicare Advantage health plans...

  • BRUSSELS, July 7- EU antitrust regulators accepted on Thursday an offer from Maersk, the world's largest container shipping liner, and 13 competitors to change their pricing practices in order to stave off possible fines. The other 13 firms are No.2 player MSC, No. 3 CMA CGM, Germany's Hapag Lloyd and Hamburg Sud, Taiwan's Evergreen Marine, China Ocean Shipping...

  • July 1- Aetna Inc has launched an auction to sell a portfolio of Medicare Advantage assets as it seeks antitrust approval for its $37 billion acquisition of U.S. health insurance peer Humana Inc, according to people familiar with the matter. Merging Aetna's and Humana's Medicare Advantage businesses would make the combined company the largest U.S. manager of...

  • NEW YORK June 30- The biggest money-damages antitrust settlement in U.S. history died Thursday at the 2nd U.S. Court of Appeals. District Judge John Gleeson's 2012 approval of the $7.25 billion settlement, holding that the agreement failed to resolve basic conflicts between merchants entitled to money damages and a separate class forced to release future...

  • June 30- Canadian chemical maker Superior Plus Corp said it scrapped the acquisition of rival Canexus Corp as they could not agree on terms, two days after the C $324 million deal was approved by Canada's antitrust regulator. The U.S. Federal Trade Commission had opposed the merger on Monday, saying the companies were two of the three manufacturers of a chemical...

  • JOHANNESBURG, June 30- South Africa's Competition Tribunal granted conditional approval for the proposed merger of about $100 billion by brewer Anheuser-Busch Inbev and SABMiller, the anti-trust authority said on Thursday. After the green-light, AB InBev's CEO Carlos Brito said in a statement that the brewer was on track to close the merger in the second...

  • TOKYO, June 30- Japan's anti-monopoly regulator has approved Canon Inc's acquisition of Toshiba Corp's medical equipment unit, but issued a warning over the way they carried out the deal, which antitrust experts have called questionable. The Fair Trade Commission said on Thursday the method may be in violation of antitrust laws. "Canon thought the deal would be...

  • JOHANNESBURG, June 30- South Africa's Competition Tribunal has granted conditional approval for the proposed merger of about $100 billion by brewer Anheuser-Busch Inbev and SABMiller, the anti-trust authority said on Thursday.

  • TOKYO, June 30- Japan's anti-monopoly regulator has approved Canon Inc's acquisition of Toshiba Corp's medical equipment unit, but issued a warning over the way they carried out the deal, which antitrust experts have called questionable. Toshiba, hurt by an accounting scandal and in a hurry to raise cash before closing its books for the business year that ended...

  • The deal has also won antitrust approval in Europe and Brazil. The two companies account for 60 percent of beverage can supply in North America, 69 percent in Europe and 74 percent in Brazil, according to Morningstar analysts. European packaging maker Ardagh Group has agreed to buy divested assets for $3.42 billion, including 12 plants in Europe, eight in the...

  • June 28- Canadian chemical company Canexus Corp said Canada's antitrust regulator had approved its proposed buyout by rival Superior Plus Corp.. Alberta- based Canexus also said on Tuesday that it was in talks with Superior Plus to potentially extend the closure of the deal to allow the Toronto- based company to litigate the action by the U.S. Federal Trade...

  • June 28- Canadian chemical company Canexus Corp said Canada's antitrust regulator had approved its proposed buyout by rival Superior Plus Corp.. This comes a day after the U.S. antitrust regulator filed a complaint to block the deal, saying the companies were two of the three manufacturers of a chemical needed to whiten wood pulp for paper production.

  • BRUSSELS, June 28- World No.1 container liner Maersk, Swiss peer MSC and 13 other shipping firms are set to escape possible penalties as EU antitrust regulators plan to accept their offer to end a five-year probe, three people familiar with the matter said on Tuesday. The other 13 firms are No. 3 player CMA CGM, Germany's Hapag Lloyd and Hamburg Sud, Taiwan's...

  • WASHINGTON, June 27- U.S. antitrust regulators filed a complaint on Monday to block the proposed merger of Canadian chemical companies Superior Plus Corp and Canexus Corp.. The U.S. Federal Trade Commission said in a statement that the companies are among three major North American producers of sodium chlorate, a chemical used to whiten wood pulp for making...