Regulator Takes Deeper Look Into Textile Deal

Law360, New York (April 15, 2008, 12:00 AM EDT) -- The European Commission said Monday that it has opened an in-depth investigation into Italian-based textile manufacture Itema Group's proposed $113 million acquisition of a unit of Barco NV.

The EC's initial market investigation raised serious concerns about the fact that the parties have a vertical relationship in the market for essential textile machinery.

Itema is one of three main companies that supply textile mill owners with winders, which are used to stock yarn before it is woven or knitted the EC said. Belgium-based BarcoVision is one...
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