Category: Global Blogs

US: Pharma consolidation advances with latest $1.46B deal (Competition Policy International)

The Federal Trade Commission announced Friday it has cleared the latest pharmaceutical merger proposal as a string of deals in the industry sweeps across the globe.

Forest Laborites has been cleared to acquire Furiex Pharmaceuticals, a deal made for $1.46 billion, according to reports. Forest first announced in late April that …read more

Russia: Duty-free industry quickly approaching monopoly status (Competition Policy International)

Russia’s Federal Antimonopoly Service released a study on the nation’s duty-free market and found it to be a near-monopoly, according to reports.

The FAS announced on its website that two-thirds of border crossings had only one duty-free shop without any competition. Research found that Terminal F at the Sheremetyevo Airport, one …read more

US: Class action challenges AT&T, DirecTV deal (Competition Policy International)

A class action lawsuit filed Thursday is looking to upend AT&T’s proposed acquisition of DirecTV, according to reports.

DirecTV shareholder Teresa Silvestri has filed the lawsuit against the companies and their $48 billion deal on the grounds that the price tag is too low and does not reflect the financial potential …read more

US: Jos. A. Bank, Men’s Wearhouse battle comes to a close (Competition Policy International)

The merger battle between menswear retailers Jos. A. Bank and Men’s Wearhouse has come to a close as the Federal Trade Commission gave its approval for Men’s Wearhouse to acquire its rival.

The merger followed months of debate between the two companies over which would acquire the other. Jos. A. Bank …read more