German Watchdog Extends Probe Of DSM-Lanxess Deal

Law360, New York (January 28, 2011, 2:39 PM EST) -- German competition officials have launched an extended investigation of Lanxess AG's €310 million ($425 million) acquisition of Royal DSM NV's elastomers unit.

The German Cartel Office notified the companies late last week that it would open a second-stage review of the transaction, agency spokesman Kay Weidner said Friday.

The original deadline for the one-month, initial review had been Jan. 30. The regulator has now extended the review until May 1, according to Weidner.

Weidner said that there was no indication of serious competitive problems at this...
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