The European Commission announced Wednesday it has approved of Hutchison Whampoa’s $1 billion acquisition of O2 Ireland, reports say.
While the Commission’s clearance was expected, reports said what was uncertain were the concessions regulators would require form the Hong Kong conglomerate. With the deal cleared, Hutchison will be required to divest …read more
A preliminary proxy filed with the US Securities and Exchange Commission late last week revealed new details regarding Albertson’s plans to acquire rival Safeway in a $9 billion.
According to reports, the filing revealed a rival bidder was planning to submit its own competing offer for the supermarket chain, but ultimately …read more
A day after engineering giant Siemens appealed to French lawmakers that its acquisition of Alstom would be more beneficial than General Electric’s proposed purchase, German’s competition regulator is warning that Siemens would face strict regulatory review of the deal by the European Commission.
Germany’s Federal Cartel Office head Andreas Mundt spoke …read more
Swiss food conglomerate Nestle is reportedly expanding its skincare portfolio after acquiring various injectable treatment patents in a $1.4 billion deal.
Reports say Nestle acquired the rights for various wrinkle treatments from Valeant Pharmaceuticals.
While the deal allows Nestle to own the rights to treatments acquired when it fully took over its …read more