Legislation Antitrust

  • 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...

  • 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.. Toronto- based Superior Plus Corp said in October that it would buy chemicals and handling company Canexus Corp, based in Alberta, as it looked to expand its specialty chemicals portfolio.

  • NEW YORK, June 23- California's insurance commissioner on Thursday urged national antitrust regulators to block health insurer Aetna Inc's proposed $34 billion acquisition of Humana Inc.. "We received approval earlier this week from the California Department of Managed Health Care, the only regulatory agency in the state with official oversight of our...

  • NEW YORK, June 23- California Insurance Commissioner Dave Jones on Thursday urged national antitrust regulators to block health insurer Aetna Inc's proposed $34 billion acquisition of Humana Inc.. Jones a week ago also called for the U.S. Justice Department to stand against Anthem Inc's proposed acquisition of Cigna Corp. He said that one of his concerns is...

  • NEW YORK, June 23- California Insurance Commissioner Dave Jones weighed in on Thursday against health insurer Aetna Inc.' s proposed $34 billion acquisition of Humana Inc., urging national antitrust regulators to block the deal.

  • PARIS, June 22- Vivendi Chairman Vincent Bollore urged French lawmakers on Wednesday to help him build a global media giant by easing anti-trust rules he said were shackling the industry. The billionaire, who took the helm of Vivendi in 2014, fended off accusations during a Senate committee hearing that he is jeopardizing the editorial independence of the...

  • Apple is funding some Amazon accounts with e-book credits as the result of a settlement of antitrust lawsuits.

  • NEW YORK, June 20- A federal judge said Uber Technologies Inc can be added as a defendant in an antitrust lawsuit against its chief executive officer over its pricing practices, an outcome the ride-sharing service wanted in its bid to force the case into arbitration. District Judge Jed Rakoff in Manhattan called Uber a "necessary party" to Connecticut passenger...

  • June 19- U.S. antitrust regulators are concerned about health insurer Anthem Inc's proposed acquisition of Cigna Corp and not sure the companies can offer enough concessions to maintain competition in the industry, the Wall Street Journal reported on Sunday. Both companies have scheduled meetings this week with top U.S. Department of Justice officials, the...

  • CHICAGO, June 14- The chairman of the U.S. Senate Judiciary Committee on Tuesday urged federal antitrust officials to conduct a "careful analysis" of Dow Chemical Co's proposed $130 billion merger with DuPont, adding pressure on officials to scrutinize how rapid consolidation in agriculture will affect farmers and consumers. Senator Charles Grassley called...