New York-based Tequila Avion has reportedly sold a significant portion of its operations to France-based beverage conglomerate Pernod Ricard.
Reports say that while financial details of the transaction were not disclosed by the parties, sources estimate the deal to be worth about $100 million, likely an all-cash agreement.
Reports say premium tequila …read more
At least one drug maker sanctioned earlier this month by the European Commission for pay-for-delay agreements has appealed the sanction, according to reports.
Pharmaceutical firm Mylan, which owns Matrix laboratories – one of the companies fined by the Commission – will challenge the fines that were imposed after the Commission found …read more
Switzerland’s Holcim and Mexico’s Cemex have reportedly received a new obstacle in their efforts to merge.
Unnamed sources said Friday that the European Commission has sent a statement of objections to the companies regarding the deal over concerns the buyout would lead to lessened competition in the Spanish market.
EU regulators had …read more
As taxi groups across the globe protest the rideshare service Uber, reports say the tension has culminated into an antitrust lawsuit in Maryland.
Taxi companies in the state are accusing Uber of violating antitrust law in bypassing traditional taxi rules to compete. Uber claims that because it is a mobile app-based …read more