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EU Antitrust Chief Says Merger Tool Not A 'Power Grab'

Law 360 M&A

The European Commission's top competition enforcer said Thursday the agency has taken a measured approach to using its newly asserted power to review mergers that fall short of local thresholds, as the European trading bloc's high court mulls a challenge of that authority from DNA sequencing company Illumina.

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Broadcom Acquisition of VMware Increasingly Unlikely to Close

Mogin Rubin M&A

This comes on the heels of news that the Federal Trade Commission's (FTC) investigation of the merger remained ongoing and that the European Commission (EC) would also conduct in an in-depth investigation of the transaction. Government Blocks Broadcom's Bit for Qualcomm

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AMC Entertainment & Warner Bros Earnings, Broadcom CEO Proposes To Pitch EU Regulators Over VMware Deal, Apple & Meta Brace For Virtual Reality Competition: Today's Top Stories

Benzinga

Tan will present his arguments to senior European Commission officials, including its deputy director general for mergers Guillaume Loriot, and their counterparts from national competition agencies and lawyers from the EU executive. Reuters Broadcom CEO Prepares To Allay Concerns Of EU Regulators Over VMware Deal On Friday, U.S.

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Death by a Thousand Cuts: The Hostile Bids Regime in Europe, 2004-2023

Reynolds Holding

In 2004, the European Union (EU) adopted the Takeover Directive, a framework statute aimed at regulating corporate control transactions and takeover bids targeting EU listed issuers. In our recent paper, we address the main factors that have shifted the European takeover environment away from its original pro-market stance.

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Can Antitrust Promote Sustainability and Reduce Inequality?

Reynolds Holding

In 2021, the European Commission fined various carmakers for colluding to hamper innovation in diesel car emission standards. In recent years, sustainability guidance has been drafted in the European Union, the Netherlands, the UK, Austria, and Singapore, to name but a few. That could lower prices but also affect low-wage jobs.

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Paul Weiss Discusses FTC Divestiture Order in Vertical Merger Case

Reynolds Holding

In doing so, the commission overruled its administrative law judge (ALJ), who had earlier found that FTC complaint counsel failed to prove a prima facie case. The European Commission later prohibited the deal in a decision announced in September 2022, shortly after the FTC ALJ’s decision to the contrary. Relevant market.

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Davis Polk Discusses Robust Antitrust Agenda of DOJ and FTC

Reynolds Holding

and international antitrust enforcement agencies set forth their enforcement priorities. antitrust agencies emphasized that the agencies are primed to litigate more cases, challenge more mergers, and use all enforcement tools at their disposal. Continued agency focus on “Big Tech” and labor markets.