EU Watchdog Digs Deeper Into Cargo Companies' Merger Plan
Law360 (July 6, 2021, 5:51 PM EDT) -- Europe's competition watchdog says it launched an in-depth review of the planned merger between two Finnish cargo companies after they declined to make any up-front commitments to allay concerns over the impact on shipping container markets.
The European Commission's in-depth probe will focus on the ramifications of combining Cargotec Corp. and Konecranes PLC under a deal unveiled in October. If successfully merged, the companies would have total annual estimated sales of €7 billion ($8.27 billion).
But the EU watchdog said July 2 that it was opening a Phase II investigation, which occurs if the initial review does not result in a...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!