Legislation Antitrust

  • WASHINGTON, July 27- Teva Pharmaceutical Industries Ltd won U.S. antitrust approval to purchase Allergan Plc's generics business, after agreeing to divest 79 generic drugs to rival firms, the Federal Trade Commission said on Wednesday. "Millions of Americans rely daily on generic drugs to treat a wide range of illnesses," Debbie Feinstein, director of the FTC's...

  • *Lowers dollar impact on 2016 profit by 5 cents/ shr. *Q2 earnings/shr $1.24 vs estimate $1.10. DuPont and Dow have offered concessions in a bid to allay EU antitrust concerns about their proposed $130 billion merger, according to a filing on the European Commission's website.

  • BRUSSELS, July 26- EU antitrust regulators on Tuesday accepted Paramount Pictures' concessions to end anti-competitive movie-licensing deals with British pay-TV group Sky UK, but said the case against five other Hollywood studios would continue. The U.S. studio's offer came after the European Commission in July last year accused it of preventing viewers...

  • NEW YORK, July 21- U.S. antitrust officials on Thursday moved to block an unprecedented consolidation of the national health insurance market, filing suit against Anthem Inc's proposed purchase of Cigna Corp and Aetna Inc's planned acquisition of Humana Inc.. The deals would hurt consumers in the different markets served by the four companies, from medical...

  • NEW YORK, July 21- The U.S. Justice Department on Thursday sued to challenge two separate health insurance mergers, Anthem Inc's purchase of Cigna Corp and Aetna Inc's acquisition of Humana Inc.. In the suit against Anthem-Cigna, the antitrust regulators said the $45 billion combination would substantially lessen competition in an already consolidated...

  • NEW YORK, July 21- U.S. antitrust regulators will announce on Thursday plans to file lawsuits to block two separate health insurance mergers, Anthem Inc's purchase of Cigna Corp and Aetna Inc's acquisition of Humana Inc, according to a source familiar with the matter. The U.S. Department of Justice has been reviewing the deals for the past year and has been...

  • NEW YORK, July 21- Brewers Anheuser-Busch InBev and SABMiller received U.S. antitrust approval for their $107 billion merger on Wednesday, bringing the largest-ever consumer products deal a big step closer to completion. The deal has already been cleared by Australia, Europe and South Africa, and AB InBev said it still expects closure this year.

  • 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...

  • 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, "...