Swedish steelmaker SSAB has reportedly won regulatory approval to acquire Finnish rival Rautaruukkii in a $1.6 billion transaction.
The European Commission cleared the deal after SSAB offered to divest assets in Finland, Sweden and Norway to appease competition concerns. Authorities said the offer is sufficient to address threats of harm to …read more
Louisiana became the sixth state on Tuesday to sue various car insurers for antitrust allegations regarding the way the insurers treat auto body shops, according to reports.
Dozens of shops are listed in Louisiana’s suit, reports say, and several more are expected to join. The shops argue that car insurers have …read more
Carlos Slim-based Elementia is reportedly in discussions to buy out partner Lafarge’s stake in the cement giants’ joint venture in Mexico, reports say.
Unnamed sources said Slim- and Antonio del Valle-backed Elementia may pursue the acquisition of Lafarge’s 47 percent stake in their joint venture so Lafarge can avoid competing with …read more
Some analysts predict that should the proposed $27.4 billion acquisition of Lorillard by rival Reynolds American could create a duopoly in the nation’s cigarette market.
Reports of the merger first emerged in May, and the deal is expected to face intense antitrust scrutiny.
Reports say number-two Reynolds, which makes Camel and Pall …read more