Author: 21st Century Competition

Czech Republic: Public tenders overwhelm competition authority (Competition Policy International)

Czech Republic’s competition regulators are reportedly seeking rule changes to reduce the overwhelming workload regarding public tenders, according to reports.

While the volume of public tenders has recently decreased, reports say the nation’s Office for the Protection of Competition is struggling to keep up with monitoring those contract offers to ensure …read more

US: Dropbox takes on Apple competition with newest buyout (Competition Policy International)

Cloud storage firm Dropbox has reportedly inked an acquisition deal in efforts to compete with technology giant Apple and its competing service app iCloud Drive Internet.

according to reports, Dropbox will acquire web-based messenger Droptalk to allow Dropbox access to the messaging company’s communications tools that can integrate mobile conversations inside …read more

Saudi Arabia: Plans to create chemical behemoth put on hold (Competition Policy International)

Merger plans of two Saudi Arabian companies that would have resulted in the creation of a chemical firm with about $5.8 billion in market value have been put on hold, according to reports.

Shares for Saudi International Petrochemical and Sahara Petrochemicals sunk after the firms decided to delay their plans; in …read more

US: Food fight winner for Hillshire emerges (Competition Policy International)

Tyson Foods has reportedly won its bidding war with Pilgrim’s Pride to acquire processed meat company Hillshire Brands, reports say.

Tyson ultimately won the food fight with a bid of $8.55 billion, an offer announced Monday. The bidding concluded Sunday when Pilgrim’s announced it had withdrawn its $7.7 billion offer.

Pilgrim’s first …read more