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Delaware Chancery Court Issues Opinion in Merger Case
The Delaware Corporate and Commercial Litigation Blog has an interesting post on a recent opinion issued by the Delware Chancery Court. The case involves a "squeeze-out merger of a closely-held...
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A Merger Challenge in Poland?
Increasingly, we're seeing overseas antitrust authorities stepping up their merger enforcement efforts. Take Poland, for instance. The Polish Anti-Monopoly refused to approve a deal between two...
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Could we be heading toward the first-ever transatlantic stock exchange?
It sure looks that way. According to the AP's Euronext Holders Give Boost to NYSE Bid, "shareholders of European stock-exchange operator Euronext rejected a proposal Tuesday to commit in principle to...
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Texas Court Rebuffs Disgruntled Rival Suitor
Oshkosh Truck Corporation has lost yet another court battle in connection with its bid to acquire Stewart & Stevenson Services, Inc., a defense contractor. Concluding that a deal with Oshkosh...
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Contentious Deals in the News
The Italian antitrust watchdog will investigate Alitalia SpA's acquisition of Volare, a low-cost airline in Italy. The agency is concerned that the deal "could constitute or strengthen a dominant...
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In the News
The Federal Reserve has approved a plan by Spanish bank, Banco Santander Central Hispano S.A. to buy approximately 25% of Sovereign Bancorp., which owns Sovereign Bank and Independence Community Bank....
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Deal News
Euronext and NYSE--a done deal that will create "the first transatlantic stock exchange. Read more here. The FTC has signed off on Merck's proposed $400 million acquisition of GlycoFi Inc. GlycoFi is a...
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Divestiture Required in Newspaper Deal
The U.S. Department of Justice today announced that it will require The McClatchy Company and Knight Ridder Inc. to divest the St. Paul Pioneer Press in order to proceed with their proposed...
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Today's M&A News
Italy's antitrust authority will investigate the 2002 acquisition by Electricite de France and AEM SpA's of the controlling interest in Edison SpA. The agency's investigation will focus on whether the...
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AT&T/Cingular Deal Subject of Class Action Suit
The Foundation for Taxpayer and Consumer Rights has filed a class action suit against AT&T and Cingular. Cingular denies all wrongdoing, accusing the Foundation's lawyer of making "false and...
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Today's M&A News
The Wall Street Journal's Law Blog is reporting that Judge Emmet Sullivan appears to be uncomfortable with the settlements reached by the U.S. Department of Justice in connection with two telecom...
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FTC Requires Divestiture in Deal Closed in 2005
Today, the FTC announced that it will challenge Hologic Inc.’s 2005 purchase of the breast cancer screening and diagnosis business of Fischer Imaging Corporation. In its complaint, the FTC alleged that...
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FTC Clears Linde AG/The BOC Group plc Deal, Subject to Divestitures
The Federal Trade Commission announced its decision to challenge Linde AG’s proposed $14.4 billion acquisition of The BOC Group plc. The FTC’s complaint alleges that the acquisition as originally...
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Today's M&A News
According to this Bloomberg article, HCA Inc. will be bought out by Bain Capital LLC, Kohlberg Kravis Roberts & Co.,Merrill Lynch & Co. and HCA co-founder Thomas F. Frist Jr. The total value of...
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Today's M&A News
Another bank merger in the offing . . . Two Maryland banks have a announced a deal. Bradford Bancorp of Baltimore, Maryland will acquire Valley Bancorp of Hunt Valley, Maryland in a transaction worth...
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