The European Commission has adopted today the new Vertical Block Exemption Regulation (‘VBER’) accompanied by the new Vertical Guidelines, following a thorough evaluation and review of the 2010 rules. The revised rules provide businesses with simpler, clearer and up-to-date rules and guidance. The new rules will help them to assess the compatibility of their supply and […]
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LSE is accepting bids for Borsa Italiana or for its bond trading platform, MTS, in an attempt to ease the EU merger review. While this divestiture is likely to bring the approval closer, it may still fall short to allay additional concerns on the market for derivatives and access to financial data.
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For most M&A deals that raise antitrust flags, remedies may appease regulators. While divestitures are the preferred option, especially in horizontal deals, behavioural remedies are widely used in vertical and conglomerate mergers.
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(Premium) – AT&T appears likely to prevail in the Justice Department’s appeal of a trial court’s ruling clearing the AT&T-Time Warner deal. A decision is likely in 1Q18
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(Premium) – CME and NEX shouldn’t find any opposition from the U.K. Competition and Markets Authority (CMA) to clear their $5.4 billion deal. Minimal horizontal overlaps and the parties’ complementary businesses suggest the merger review should end with a phase-one approval by year-end.
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