Author: 21st Century Competition

US: Red Lobster divested for $2.1B (Competition Policy International)

Red Lobster is reportedly set to be sold by its owner Darden in a $2.1 billion deal, according to reports.

Reports say Red Lobster will be acquired by investment firm Golden Gate Capital. Darden has decided to retain one its other struggling restaurant chain, Olive Garden, in hopes it can pull …read more

Asia: Half of ASEAN nations have no antitrust law (Competition Policy International)

Half of the members of the Association of Southeast Asian Nations, known as ASEAN nations, do not have effective antitrust law, according to reports, though the nations are reportedly preparing their own competition policy draft laws to be established by the end of 2015.

The Philippines, Myanmar, Lao People’s Democratic Republic, …read more

UK: Alliance Boots warned of hurdles in pharmacy purchase (Competition Policy International)

The UK’s largest pharmacy, Alliance Boots, is reportedly set to face significant antitrust scrutiny should it proceed with a full acquisition of Co-op Group’s pharmacies.

Lawyers cautioned that the Competition and Markets Authority would likely require asset sales to approve of the acquisition. Co-op announced earlier this year that it plans …read more

US: NCAA head set to testify in antitrust suit (Competition Policy International)

The head of the National Collegiate Athletics Association is set to take the stand June 9 to defend the organization against claims of antitrust violations.

Reports say NCAA president Mark Emmert will testify in the lawsuit filed by former UCLA basketball player Ed O’Bannon regarding the compensation of college athletes. O’Bannon, …read more