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Antitrust

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  • Feb 4- Staples Inc, the No. 1 U.S. office supplies retailer, agreed to buy No. 2 Office Depot Inc in a $6.3 billion deal designed to help it better compete against Wal-Mart Stores Inc and online rivals such as Amazon.com Inc.. The deal, which will likely come under close scrutiny from antitrust regulators, values Office Depot at $11.00 per share, based on Staples' closing...

  • Feb 3- Discount store chain Dollar Tree Inc said it may have to divest more than the 300 stores it had expected, to buy Family Dollar Stores Inc, as U.S. antitrust regulators were reviewing more than 500 of its stores. The U.S. Federal Trade Commission may identify more stores for review in the future and the number of stores Dollar Tree may have to shed could increase,...

  • Feb 2- Food distributor Sysco Corp said it would sell 11 distribution centers run by takeover target US Foods Inc to Performance Food Group to satisfy antitrust concerns. Sysco's $3.5 billion offer for US Foods is awaiting approval from the Federal Trade Commission as the deal would combine the two largest U.S. food distributors. Sysco and US Foods are the only...

  • Feb 2- Food distributor Sysco Corp said it would sell 11 distribution centers run by takeover target US Foods Inc to Performance Food Group to satisfy antitrust concerns. The centers generated $4.6 billion in revenue in US Foods' most recent fiscal year, Sysco said on Monday. Sysco announced its agreement to buy US Foods for $3.5 billion in December 2013.

  • NEW YORK, Jan 31- JPMorgan Chase& Co, the largest U.S. bank, agreed to pay $99.5 million to settle its portion of an antitrust lawsuit in which investors accuse 12 major banks of rigging prices in the $5.3 trillion- a-day foreign exchange market. Made public on Friday night, the settlement is the first in the nationwide litigation and resolved claims over JPMorgan's...

  • WASHINGTON, Jan 30- Food distributor Sysco Corp and its biggest rival, US Foods Inc, have offered to sell a smaller competitor 11 facilities in order to convince skeptical antitrust regulators to approve their $3.5 billion merger, a source briefed on the matter told Reuters. The deal, proposed in December 2013, is seen as problematic because Sysco and US Foods are...

  • WASHINGTON, Jan 30- Food distributor Sysco Corp and its biggest rival, US Foods Inc, have offered to sell a smaller competitor 11 facilities in order to convince skeptical antitrust regulators to approve their $3.5 billion merger, a source briefed on the matter told Reuters. To overcome Federal Trade Commission concerns, the companies have offered to sell 11...

  • NEW YORK, Jan 28- A federal judge on Wednesday said U.S. investors may pursue a nationwide antitrust lawsuit accusing 12 major banks of rigging prices in the $5.3 trillion- a-day foreign exchange market. The bank defendants include Bank of America Corp, Barclays Plc, BNP Paribas SA, Citigroup Inc, Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc, HSBC...

  • BRUSSELS, Jan 20- European Union antitrust regulators have set a Feb. 23 deadline for a decision on whether to clear General Electric's planned purchase of most of French engineering group Alstom's power equipment business. The European Commission said on Tuesday the companies requested approval for their deal on Jan. 19. U.S. conglomerate GE received the...

  • *Luxembourg agreed to tax ruling inside 11 days. BRUSSELS, Jan 16- Luxembourg took just two weeks to sign off a partly cosmetic deal that allowed Amazon to shift a large part of its European profits to an untaxed entity, according to EU antitrust regulators. Such inquiries have raised questions for European Commission President Jean-Claude Juncker, former...

  • BRUSSELS, Jan 15- European Union antitrust regulators will publish details on Friday of their investigation into online retailer Amazon's tax-minimising arrangements with Luxembourg. The investigation focuses on whether Luxembourg broke EU state aid rules by agreeing a deal which allows Amazon to operate almost tax-free in Europe.

  • Jan 13- Pet supply retailer PetSmart Inc disclosed on Tuesday it was in talks to acquire or merge with a privately held rival, but ended talks over competition and antitrust concerns. PetSmart succumbed to calls from Jana Partners LLC and other large shareholders for a sale last month by agreeing to be bought by a private equity consortium led by BC Partners Ltd...

  • WASHINGTON, Jan 12- The U.S. Supreme Court on Monday wrestled with the question of whether a federal law governing the natural gas market would allow energy companies to evade state antitrust claims made over the western U.S. energy crisis between 2000 and 2002.. Several energy companies, including American Electric Power Company Inc, Dynegy Inc and ONEOK Inc,...

  • WASHINGTON, Jan 9- Some 20 state attorneys general have joined the federal antitrust investigation of competing bids by Dollar General Corp and Dollar Tree Inc to buy Family Dollar Stores Inc, a development that potentially complicates the companies' efforts to win U.S. approval for a deal. Family Dollar, the No. 2 U.S. discount retailer, had previously disclosed...

  • WASHINGTON, Jan 9- Some 20 state attorneys general have joined the federal antitrust investigation of competing bids by Dollar General Corp and Dollar Tree Inc to buy Family Dollar Stores Inc, a development that potentially complicates the companies' efforts to win U.S. approval for a deal. Family Dollar had previously disclosed that state attorneys general...

  • US Airways had sought under federal antitrust law to recoup three times the $317 million to $482 million it claimed to lose in overcharges and profit from Sabre's alleged illegal conduct over nearly seven years, from April 21, 2007 to March 31, 2014. District Judge Lorna Schofield in Manhattan said US Airways, now part of American Airlines Group Inc, may pursue...

  • US Airways had sought under federal antitrust law to recoup three times the $317 million to $482 million it claimed to have lost in overcharges and profit from Saber's alleged illegal conduct over nearly seven years, from April 21, 2007 to March 31, 2014. District Judge Lorna Schofield in Manhattan said US Airways, now part of American Airlines Group Inc, may...

  • JERUSALEM, Jan 6- New regulation of Israel's natural gas and mining industries aimed at increasing competition to bring down prices is scaring off investors, putting billions of dollars at risk. But investor concern intensified in late December when the antitrust authority declared that stakeholders in two large natural gas fields-- Israel's Delek Group and...

  • NEW YORK, Jan 5- JPMorgan Chase& Co has become the first bank to settle a U.S. antitrust lawsuit in which investors accused 12 major banks of rigging prices in the $5 trillion- a-day foreign exchange market. JPMorgan settled after mediation with Kenneth Feinberg, who also oversees a General Motors Co program to compensate drivers whose vehicles had faulty...

  • NEW YORK, Jan 5- JPMorgan Chase& Co has become the first bank to settle a U.S. antitrust lawsuit in which investors accused 12 major banks of rigging prices in the $5 trillion- a-day foreign exchange market. The settlement was disclosed in a letter filed on Monday with the U.S. District Court in Manhattan from lawyers for JPMorgan, the largest U.S. bank, and investors.