Legislation Antitrust

  • 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...

  • 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...

  • 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...