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US: Yet another multibillion-dollar pharma merger announced (Competition Policy International)

by 21st Century Competition | Jun 9, 2014 | Global Blogs

As the world’s pharmaceutical industry continues to see an influx of consolidation, reports say the latest merger was announced when Merck and Idenix Pharmaceuticals revealed plans to combine in a $3.85 billion deal. According to a press release, the transaction...

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

by 21st Century Competition | Jun 9, 2014 | Global Blogs

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...

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

by 21st Century Competition | Jun 9, 2014 | Global Blogs

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...

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

by 21st Century Competition | Jun 9, 2014 | Global Blogs

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...

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

by 21st Century Competition | Jun 9, 2014 | Global Blogs

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...

UK: FCA overhauls annuities market study following reforms (Competition Policy International)

by 21st Century Competition | Jun 9, 2014 | Global Blogs

While the UK’s financial regulator, the Financial Conduct Authority, had planned a major inquiry into the annuities market, reports say the watchdog has rethought its market probe after government reforms took hold. According to reports, the FCA sought to review...
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