SCA Offers Antitrust Fixes For $1.7B Georgia-Pacific Buy

Law360, New York (June 18, 2012, 2:34 PM EDT) -- Swedish hygiene and paper company Svenska Cellulosa Aktiebolaget on Friday offered concessions to Europe's competition authority in response to an antitrust review of the company's proposed €1.32 billion ($1.7 billion) purchase of a Georgia-Pacific LLC unit.

The European Commission confirmed in a notice that SCA has proposed commitments that would extend the regulator's review of the deal — under which the company would acquire Georgia-Pacific's European tissue business — until July 6. Previously, the commission had a provisional deadline of June 22 to complete its merger...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.