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US: Truck maker denies VW merger talks (Competition Policy International)

by 21st Century Competition | Jul 30, 2014 | Global Blogs

Paccar has reportedly denied allegations that the commercial truck maker and owner of the Peterbilt and Kenworth brands is seeking a merger with Germany’s Volkswagen. On a conference call Tuesday, Paccar Chief Executive Ron Armstrong said “there have been...

EU: Chemical giant barters to secure $1B buyout (Competition Policy International)

by 21st Century Competition | Jul 30, 2014 | Global Blogs

US-based chemicals conglomerate Huntsman has reportedly offered more concessions to EU regulators in efforts to win approval to acquire Rockwood Holdings assets. Reports say Huntsman, which is looking to acquire Rockwood’s titanium dioxide pigment operations for...

India: Sun, Ranbaxy pharma merger doubted by CCI (Competition Policy International)

by 21st Century Competition | Jul 30, 2014 | Global Blogs

The Competition Commission of India has reportedly stepped up scrutiny of the proposed merger between Sun Pharmaceutical Industries and Ranbaxy Laboratories. The CCI is said to have approached the companies asking they the authority shouldn’t launch an...

South Korea: Record fine issued for railway bid-rigging (Competition Policy International)

by 21st Century Competition | Jul 30, 2014 | Global Blogs

South Korea’s competition authority has sanctioned major builders of a high-speed railway project for manipulating the bidding process for the contract, say reports. The nation’s Fair Trade Commission fined 28 construction firms for alleged bid-rigging, a...

US: Barclays, Deutsche Bank officers may be monitored (Competition Policy International)

by 21st Century Competition | Jul 30, 2014 | Global Blogs

Regulators are reportedly mulling plans to monitor the US offices of Barclays and Deutsche Bank as part of an ongoing investigation into claims that the banks and other major financial institutions manipulated the foreign exchange market. The New York Department of...

EU: Luxury watch competition probe nixed (Competition Policy International)

by 21st Century Competition | Jul 30, 2014 | Global Blogs

The European Commission has reportedly decided to end its investigation into the luxury watch industry after three years. Reports say the Commission announced Tuesday that there was only a limited chance of finding evidence of wrongdoing following allegations that...
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