10 result(s) displayed (1 - 10 of 10):
Serial dealmakers beware. An Associate Press report, citing an Obama administration official, says the Justice Department will revert antitrust guidelines put in place by the Bush administration back to those similar to the Clinton administration.The new agenda, which would make it easier to pursue antitrust cases against big firms, is...
Posted on May 11, 2009 9:06 AM
Brazil's JBS SA has abandoned its deal, announced in March, to buy National Beef Packing Co. LLC for $560 million after the merger was challenged by U.S. regulators. The deal would have merged the U.S.' No. 3 beef producer JBS and the No. 4 producer National Beef. The Department of...
Posted on February 20, 2009 1:10 PM
Adding to recent major Japanese corporate cutbacks, appliance maker Panasonic Corp. said it would shut down plants and cut 15,000 employees, as well as reported a net loss for the last quarter and revised its annual forecast downward. All this while it's trying to acquire Sanyo Electric Co. Ltd. for...
Posted on February 4, 2009 10:11 AM
Google Inc.'s search advertising deal with Yahoo! Inc. appears to be on its last legs as antitrust officials question the alliance's dominance of the search market. Yahoo! CEO Jerry Yang has said the Google deal may add $800 million a year to sales. That figure may get slashed if...
Posted on November 4, 2008 3:40 PM
In a rare decision, the Department of Justice's antitrust division filed suit to block a $560 million merger between the No. 3 beef packer in the U.S. JBS SA and No. 4 National Beef Packing Co. LLC. Interestingly, JBS' acquisition of No. 5 U.S. beef packer Smithfield Beef Group...
Posted on October 21, 2008 9:55 AM
Concerns linger about the fate of Verizon Wireless' $28.2 billion acquisition of Alltel Corp., a combination that would propel the firm past AT&T Inc. as the largest cell phone service provider in the industry. The two big--and mostly countervailing-- factors are the credit crunch and the possibility that a new...
Posted on October 13, 2008 5:03 PM
Back in mid-September, Google Inc. chief executive Eric Schmidt said his company was unwilling to wait much beyond Oct. 11 to launch its advertising revenue-sharing partnership with Yahoo! Inc. The tech companies agreed to wait until that date for the Department of Justice to complete a review of the deal....
Posted on October 7, 2008 9:37 AM
It would seem the only ones in favor of a search advertising deal between Yahoo! Inc. and Google Inc. are the Internet giants themselves. And after voluntarily delaying the deal for several months for antitrust review by the Department of Justice, Google CEO Eric Schmidt said he isn't willing...
Posted on September 18, 2008 9:23 AM
Weyerhaeuser Corp.'s $6 billion divestiture of its container board, packaging and recycling business to International Paper Co. received Department of Justice clearance on Monday. The deal is part of a radical reshaping of the forest product giant spawned by unprecedented declines in the housing market and driven by president Daniel...
Posted on May 6, 2008 4:18 PM
McDermott Will & Emery LLP put together a newsletter entitled Inside M&A. Their first subject: Improper premerger coordination, or "gun jumping." Washington partners Jon Dubrow and Stefan Meisner explain how to reduce the risk of being accused of the practice, which is barred by both the Hart-Scott...
Posted on March 6, 2008 2:37 PM
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