Category: Global Blogs

Canada/US: Valeant shocks with even larger Allergan offer (Competition Policy International)

Valeant Pharmaceuticals surprised the industry late last week when it upped its offer to acquire Allergan, the second such bid increase in a single week.

The Canadian company reportedly boosted its offer to $53 billion to acquire the Botox manufacturer. The offer stacks up at $72 a share, increased from last …read more

US: Apple fails to delay state eBooks damages trial (Competition Policy International)

A Federal Appeals Court denied Apple’s request for a stay in a case in which 33 states are seeking damages of up to $800 million from Apple’s alleged eBooks price-fixing scheme, according to reports.

Apple had requested the stay because another appeal is currently underway regarding whether class action status should …read more

EU: M&A fails threaten stock rally (Competition Policy International)

A series of major merger deals that have imploded this year are forcing investors to take caution with their optimism for EU’s market, according to reports.

While financial experts expect an increase in merger activity throughout the EU – Thomson Reuters has reported that EU merger volume has already nearly doubled …read more

US: Sterling sues the NBA in bizarre twist (Competition Policy International)

The disgraced former owner of the Los Angeles Clippers has filed an antitrust lawsuit against the NBA over the basketball association’s decision to force a sale of the team.

Donald Sterling was forced to sell the Clippers and pay a $2.5 million fine after reports emerged of his alleged racist remarks. …read more