Legislation Antitrust

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  • FRANKFURT, Feb 16- Drinks can makers Ball Corp and Rexam Plc have begun the process of selling assets, potentially worth more than $3 billion, to meet antitrust regulations ahead of their planned merger, several people familiar with the matter said. Ball said last week that it expects to close the merger in the first half of 2016, after receiving conditional...

  • WASHINGTON, Feb 11- The Senate Judiciary Committee's antitrust subcommittee will hear from the top U.S. antitrust bosses next month to discuss a wave of big mergers over the past year, according to a staffer briefed on the hearing. The Justice Department's Bill Baer, the assistant attorney general for the antitrust division, and Edith Ramirez, chairwoman of the...

  • *EU Commission says no bias against U.S. companies. Treasury Secretary Jack Lew called on the European Union to reconsider tax probes targeting U.S. companies on Thursday, arguing that such moves represented disturbing precedents. Lew made the plea in a letter to European Commission President Jean-Claude Juncker and EU antitrust chief Margrethe Vestager, a...

  • SAO PAULO, Feb 10- U.S. Elo Participacoes SA, a holding company controlled by Banco Bradesco SA and Banco do Brasil, has been in negotiations to buy Citigroup's 49 percent stake in Elavon do Brasil. A deal, though, could be slowed or complicated by Brazil's antitrust regulator, Cade, the two sources said.

  • *Other sectors monitoring case for guidance on pricing methods. BRUSSELS, Feb 10- Leading shipping container groups Maersk, MSC and 13 other companies have offered to change their pricing practices to settle an EU antitrust probe and stave off possible fines, two people familiar with the matter said on Wednesday. The European Commission opened an...

  • FRANKFURT, Feb 6- The vast troves of consumer data held by big Internet companies should be scrutinised in merger probes because they have a big impact on competition, the president of the German antitrust watchdog told a newspaper. But that obviously goes against the logic of many Internet markets, " Andreas Mundt told Sueddeutsche Zeitung's Saturday edition.

  • LONDON, Feb 5- CK Hutchison Holdings Ltd has received the EU's list of objections to its takeover of Telefonica's O2, which will create Britain's biggest mobile operator and cut the number of networks to three, a person familiar with the situation said. European Union antitrust regulators launched a full investigation last October into Hutchison's 10.3...

  • SHANGHAI, Feb 2- China's anti-monopoly regulator has fined five domestic drug firms a total of close to 4 million yuan for fixing the prices of their medicines, the watchdog said on Tuesday, as the country battles to keep medicine prices down. The fine, though relatively small, indicates China's anti-trust watchdogs may be turning attention towards medicines, a...

  • SHANGHAI, Feb 2- China's anti-monopoly regulator has fined five domestic drug firms a total of close to 4 million yuan for fixing the prices of their medicines, the watchdog said on Tuesday, as the country battles to keep medicine prices down. The fine, though relatively small, indicates China's anti-trust watchdogs may be turning attention towards medicines, a...

  • DUESSELDORF, Germany, Jan 29- Germany's anti-trust regulator said on Friday it was investigating a possible cartel of companies making agricultural machinery, particularly tractors. It did not name any targets of the probe. German agricultural trading group Baywa said the cartel office had searched its headquarters earlier this week on suspicion that some...

  • JERUSALEM, Jan 27- Prime Minister Benjamin Netanyahu on Wednesday appointed attorney Michal Halperin to run Israel's Anti-Trust Authority after a dispute over the country's natural gas reserves led to the resignation of her predecessor. Whether Leviathan gets developed will be decided by the Supreme Court. Netanyahu said Halperin's private and public...

  • Jan 26- DuPont Chief Executive Edward Breen said on Tuesday that anti-trust regulators were likely to show "very little" concern about the company's pending merger with Dow Chemical Co and were not expected to seek significant asset sales. Dupont and Dow plan to form a giant chemical and seed producer that would have a market value of about $95 billion at current...

  • BRUSSELS, Jan 25- European Union antitrust regulators are set to punish Japanese auto parts makers for allegedly fixing prices of starter motors and accelerator modules, two people familiar with the matter said on Monday. The European Commission action will mark the first of several automobile-related cases scheduled for 2016 and is the latest in a series of...

  • SEOUL, Jan 22- South Korea's antitrust regulator is probing Volkswagen AG over its advertising claims on emissions from its cars, an official at the agency told Reuters on Friday. Yonhap News Agency reported earlier that the FTC is investigating the German automaker ran false ads by claiming its cars met the European Union's strict Euro 5 emissions norms.

  • Jan 20- Staples Inc said it would give itself three more months before calling off its proposed $6.3 billion- acquisition of Office Depot Inc, giving the companies time to fight an antitrust lawsuit with the Federal Trade Commission. Staples said on Wednesday it would extend the termination date of the proposed acquisition to May 16 from Feb. 4, the previous...

  • MUNICH, Jan 17- The European Union plans to take a harder look at whether the collection of vast troves of consumer data by big Internet companies violates competition rules, competition commissioner Margrethe Vestager said on Sunday. Since taking over as Europe's top antitrust enforcer in 2014, Vestager has stepped up investigations into U.S. web giants...

  • Jan 15- General Electric Co agreed to sell its appliances business to China's Qingdao Haier Co Ltd for $5.4 billion in cash, the companies said on Friday. The deal, so far the biggest by Haier Group, will be subject to "customary regulatory filings in China and antitrust approvals in the United States, Mexico and Argentina," said a person authorized to speak on behalf...

  • *EU already looking into McDonald's tax deal with Luxembourg. BRUSSELS, Jan 12- Three Italian consumer organisations have urged EU antitrust regulators to investigate McDonald's franchise system in Europe, a month after the opening of an EU inquiry into the U.S. fast food company's tax deals with Luxembourg. Codacons, Movimento Difesa del Cittadino and...

  • BRUSSELS, Jan 12- Three Italian consumer organisations have accused U.S. fast food chain McDonald's of operating an anti-competitive system in Europe, with restrictive clauses imposed on franchise operators that may breach the bloc's antitrust rules. Codacons, Movimento Difesa del Cittadino and Cittadinanzattiva filed a complaint with the European...

  • SAN FRANCISCO, Jan 11- Anthem Corp's chief executive officer, Joseph Swedish, said on Monday he is optimistic the company will get the antitrust regulatory approval it needs for its $47 billion purchase of smaller rival Cigna Corp. this year. Swedish, in an interview at the JP Morgan Healthcare Conference, said Anthem- which will become the largest U.S. health...