M&A
First-class reporting on cross-border mergers and acquisitions
Uber/Delivery Hero working on EC information requests after submitting preliminary merger filing
US food delivery company Uber and German rival Delivery Hero are currently responding to requests for information (RFIs) from the European Commission (EC) after submitting a draft Form CO ─ the official form for standard […]
Union representing easyJet workers due to submit concerns around Apollo offer this week
Updated with EC spokesperson’s comments – UK trade union Unite is due to formally file its opinion and concerns around US private equity firm Apollo Global Management’s proposed takeover of British airline company easyJet this […]
CADE’s general superintendence should decide on Kimberly-Clark/Kenvue merger within next month
The general superintendence of Brazilian antitrust regulator CADE should issue its recommendation on the proposed US$32bn takeover of American consumer health company Kenvue by personal care peer Kimberly-Clark within the next month, according to a […]
China’s non-cooperation order on EU FSR requests is a reminder that international expansion does not exempt domestic entities from complying with local rules, say Chinese legal sources
Last month’s order issued by China’s Ministry of Justice demanding non-compliance with the European Commission’s (EC) information requests as part of its foreign subsidies regulation (FSR) in-depth review into the proposed JD.com/Ceconomy merger shou… To read […]
AkzoNobel/Axalta looking to receive informal feedback on remedy proposal by mid next week
Paint and coating makers AkzoNobel and Axalta are expecting informal feedback from the European Commission (EC) on the remedy offer the companies have been working on to secure Phase I antitrust clearance for their proposed […]
CADE and EC officials held meeting on Saipem/Subsea7 merger earlier this month
Officials at the European Commission (EC) and Brazilian antitrust authority CADE, who are reviewing the proposed merger between Italian energy services company Saipem and UK-headquartered Subsea7, held a conference call on 11 September to discuss […]
JD.com/Ceconomy in negotiations with EC officials over pending FSR approval as impact of Chinese order appears limited to non-cooperation on information requests
Chinese e-commerce player JD.com and German consumer electronics company Ceconomy are currently in discussions with the European Commission (EC) over the pending foreign subsidies regulation (FSR) approval for their proposed merger, two people close … […]
Ingredion/Tate & Lyle merger expected to be subject to in-depth antitrust probe by Canada’s regulator; no indication of repercussions on ongoing reviews from escalating US-Canada trade tensions
US food ingredient supplier Ingredion’s planned acquisition of UK-based peer Tate & Lyle could undergo a lengthy antitrust review in Canada, according to a local competition lawyer with food industry knowledge. The merger, which was […]
EC likely to adopt broad definition of fund distribution market in upcoming review of Deutsche Börse/Allfunds merger
The European Commission (EC) is expected to adopt a broad approach to assess the European fund distribution market as part of its upcoming review of the proposed €5.3bn (US$6.08bn) merger between Deutsche Börse and Allfunds, […]
Government stake in ZIM critical to country’s export route security, says Israeli lawyer
The State of Israel must retain a stake in cargo container shipping company ZIM as part of its planned acquisition by German peer Hapag-Lloyd, due to the country not having overland export routes, with the […]
