E.U. Antitrust Official Seeks More Control Over M&A
By Catherine Fredenburgh
Law360, New York (March 2, 2006, 12:00 AM EST) -- Europe's largest mergers and acquisitions should be reviewed by the European Commission, the European Union’s top antitrust official, European Commissioner for Competition Neelie Kroes, said in a speech this week, amid recent concerns over European countries' protectionist tendencies in blocking foreign takeovers.
In statements made to Dutch business executives in The Hague, Kroes said decisions about big mergers should be made in Brussels and not by national authorities because “we are living in a big internal market," according to Dow Jones.