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Antitrust

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  • Oct 31- Dollar General Corp extended for the second time its tender offer to acquire shares of Family Dollar Stores Inc, as less than 4 percent of Family Dollar's shares had been tendered so far. Family Dollar, which has spurned Dollar General's takeover approaches twice, citing anti-trust concerns, has been pushing for a lower cash-and-stock deal from Dollar...

  • WASHINGTON, Oct 30- Media General Inc has won U.S. antitrust approval to buy LIN Media LLC after agreeing to divest television stations in five markets, the Justice Department said on Thursday. To win government approval for the deal, the companies agreed to sell one station in Birmingham, Alabama, two in Savannah, Georgia, one near Alabama's border with Florida, one...

  • WASHINGTON, Oct 29- Cigarette maker Reynolds American's proposal to buy smaller rival Lorillard Inc presents antitrust regulators with a conundrum: Their mandate is to prevent higher prices because of mergers, but U.S. public policy aims to make cigarettes more expensive to discourage smoking. Reynolds, the No. 2 U.S. cigarette maker, said in July it would buy No. 3...

  • BRUSSELS, Oct 21- European Union antitrust regulators are set to fine JPMorgan, UBS and Credit Suisse collectively over $115 million for rigging Swiss franc LIBOR benchmark interest rates, a person familiar with the matter told Reuters. Royal Bank of Scotland alerted the European Commission to the wrongdoing and so would not be penalized for its own role in the...

  • Deals of the day- Mergers and acquisitions Monday, 20 Oct 2014 | 4:06 PM ET

    **Platform Specialty Products Corp said it would buy Arysta LifeScience Ltd for about $3.51 billion, Platform's third acquisition this year as the company looks to strengthen its agrichemicals business. **The top two lawmakers on the Senate's antitrust panel have urged regulators to scrutinize food distributor Sysco Corp's planned purchase of rival U.S....

  • WASHINGTON, Oct 20- The top two lawmakers on the Senate's antitrust panel have urged regulators to scrutinize food distributor Sysco Corp's planned purchase of rival U.S. Foods for $3.5 billion. Sysco and U.S. Foods are the only companies with the geographic reach to offer nationwide contracts to deliver a wide variety of goods from napkins to eggs to cleaning...

  • CHICAGO, Oct 16- The head of a U.S. Senate subcommittee raised concerns in a letter on Thursday to the U.S. Attorney General and head of the top U.S. rail regulator about a potential merger between Canadian Pacific Railway Ltd and CSX Corp, and called on them both to fully review the antitrust implications of any such deal. "Given recent concerns about shipping delays...

  • BRUSSELS, Oct 16- Europe's outgoing antitrust chief will not open formal investigations into Google's mobile operating system Android nor into banks suspected of rigging the foreign exchange market, but will leave the decisions to his successor. European Competition Commissioner Joaquin Almunia, who will step down at the end of October, had on several...

  • Dollar General, which is vying with rival Dollar Tree to buy Family Dollar, also received a second request from the FTC under U.S. anti-trust regulations, Family Dollar said. In August, Family Dollar rejected a $9 billion buyout offer from Dollar General, opting instead for a smaller cash-and-stock bid of $8.5 billion by Dollar Tree. The company also spurned...

  • *No EU concerns about Eli Lilly, Novartis deal. In contrast, U.S. drugmaker Eli Lilly's proposed $5.4 billion takeover of Swiss peer Novartis's animal health business triggered no such worries and will be cleared unconditionally, the sources said. Eli Lilly is buying the Novartis unit to strengthen and diversify its Elanco unit.

  • EU questions Ireland's tax deal with Apple Tuesday, 30 Sep 2014 | 4:36 AM ET

    BRUSSELS, Sept 30- European Union antitrust regulators have asked Ireland to provide details of its tax arrangements with Apple in 1990 and 2007, warning that they could amount to illegal state aid which may be recovered from the U.S. company.

  • Sept 26- Family Dollar Stores Inc said certain state attorneys general have notified the company that they will investigate larger rival Dollar General Corp's takeover bid over competitive concerns. Family Dollar spurned Dollar General's sweetened $9.1 billion all-cash bid earlier this month, saying the offer still did not address antitrust concerns.

  • BEIJING, Sept 28- Microsoft Corp chief executive Satya Nadella promised to cooperate fully with Chinese authorities in their antitrust investigation into his company during a meeting with a top regulator in Beijing, the Chinese government said.

  • Family Dollar: States probing Dollar General bid Friday, 26 Sep 2014 | 6:14 PM ET
    A Family Dollar store on July 28, 2014 in Hollywood, Florida.

    Family Dollar Stores Inc said certain state attorney generals have notified it that they will investigate Dollar General Corp's takeover bid.

  • NEW DELHI, Sept 25- Thousands of tiny shops in India's biggest auto components market do brisk business selling a bewildering array of spare parts for about a third of the official price charged by the likes of Toyota Motor Co or Volkswagen AG.

  • NEW DELHI, Sept 25- Thousands of tiny shops in India's biggest auto components market do brisk business selling a bewildering array of spare parts for about a third of the official price charged by the likes of Toyota Motor Co or Volkswagen AG.

  • BRUSSELS, Sept 23- Margrethe Vestager says that neither "loud people" in business and government nor "anti-Americanism" will sway her rulings on antitrust cases when she becomes the European Union's new competition commissioner.

  • Google poised for antitrust war  Tuesday, 23 Sep 2014 | 9:00 AM ET

    The latest in Google's 4-year battle to defend itself in an EU antitrust case.

  • Sept 22- The U.S. Federal Trade Commission is considering a possible antitrust lawsuit against Sysco Corp's $3.5 billion deal to buy debt-ridden US Foods from private equity, the Wall Street Journal reported on Monday citing people with knowledge of the matter.

  • China takes anti-corruption drive overseas Tuesday, 16 Sep 2014 | 7:58 PM ET

    The anti-corruption campaign which has swept across China in the last two years has gone global. The Financial Times reports.