RECENT NEWS
Reuters  Sep 14  Comment 
* Bayer exec says co needs to seek anti trust approval from 30 jurisdictions
The Economic Times  Sep 13  Comment 
“We have no additional comments to offer on this matter,” said a Sun Pharma executive to an email query. Sun Pharma's shares on Monday closed at Rs 786.95, down 1.28%.
Reuters  Sep 12  Comment 
European Union antitrust regulators do not expect Chinese household appliances company Midea Group's bid for German industrial robot maker Kuka to pose any competition issues...
Automotive World  Sep 12  Comment 
Knorr-Bremse announces the successful completion of its acquisition of tedrive Steering Systems GmbH based in Wülfrath, Germany. The transaction has been approved by the antitrust authorities. The takeover of tedrive Steering, a renowned...
MarketWatch  Sep 9  Comment 
The European Union’s antitrust regulator on Friday said it had suspended its deadline for a review into the proposed merger of Dow Chemical Co. and DuPont Co. because the companies hadn’t submitted important information demanded of them.
Reuters  Sep 9  Comment 
Facebook's problems with European privacy regulators do not mean that the social network has breached the bloc's competition rules, EU antitrust chief Margrethe Vestager said on Friday.
The Hindu Business Line  Sep 9  Comment 
The Competition Commission of India (CCI) has disposed of 600 out of 750 anti-trust cases, that is about 80 per cent of the total cases, its Chairman, D K Sikri, said on Friday.“Of the information fil...
Reuters  Sep 8  Comment 
Medical device maker Abbott Laboratories and Alere Inc agreed on Thursday to work with a mediator to settle their dispute over Abbott's role in obtaining U.S. antitrust clearance...




 
TOP CONTRIBUTORS


US antitrust legislation or "competition law" focuses on three kinds of activity discouraging to competition: monopoly, mergers and acquisitions (M&A), and price fixing.

Monopolies and M&A are both regulated to keep companies from becoming too large or powerful within a single or a few industry sectors. M&A activity is particularly worth noting: many industries have been undergoing a phase of general consolidation in the past few years, and U.S. M&A activity has risen more than 31% since 2005 (2006 saw more than US$ 1.5 trillion's worth of activity). Price fixing is also carefully watched to prevent some companies from gaining an "unfair" advantage; antritrust lawsuits in this category tend to target cartels (groups of nominally independent companies that try to artificially establish relatively high prices by agreement across a number of market players).

U.S. Democrats are traditionally harder on antitrust than their Republican counterparts, and the 2008 presidential election will play an important part in determining the strength of the next round of antitrust legislation. In naming his new attorney general and head of the Federal Trade Commission, the new president will heavily influence the political leanings of the two departments with the most control over the outcome of antitrust lawsuits: the Department of Justice and the Federal Trade Commission.

Antitrust Losers

  • TXU and other large utility companies are at risk of antitrust lawsuits for various price-fixing or merger/acquisitions practices. The utilities sector is a particularly common antiturst target because of the high fixed costs/barrier to entry.
    • Telephony/communications, oil, chemicals manufacturing, banking, and cable industries are also strongly at risk for antitrust lawsuits.
  • Microsoft, Apple, and recently even Google are examples of companies that are dominant enough in an industry that any further merger/acquisitions activity is immediately under antitrust activity.

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Antitrust Winners

Legal and economic advisory firms like FTI Consulting, LECG, CRA International, Navigant Consulting, and Huron Consulting Group stand to benefit in all antitrust cases, as they assist parties on both sides by providing trial support services and expert testimony.

To Be Determined

  • XM and Sirius entered into a merger agreement in March 2007 which would leave only one company in the U.S. satellite radio business. Given that neither company has ever generated positive income, a combined company would likely eliminate overlapping costs and optimize operating efficiency. The companies argue against anti-trust worries, claiming their merged company would face heavy competition from traditional radio companies such as Clear Channel Communications (CCU) and CBS (CBS) as well as other audio options for consumers, such as iPods. It wasn't until July 29, 2008, that the two parent companies were able to have completed the long awaited merger. This meant that Sirius Satellite Radio had completed its acquisition of XM Satellite Radio and combining the two radio services to create a single satellite radio network in the United States.This merger brought the combined companies an approximate total of more than 18.5 million subscribers based on current subscriber numbers on the date of merging.
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