Hutchison Offers EU Antitrust Fixes On $1B Telefonica Buy

Law360, New York (March 5, 2014, 5:38 PM EST) -- Hutchison Whampoa Ltd. on Tuesday submitted a series of commitments aimed at assuaging European antitrust regulators' concerns that the company's proposed $1.1 billion acquisition of Telefonica SA's Irish business could stifle competition, according to a notification on the European Commission's website.

The fixes offered up by Hutchison — which were not made publicly available and which, according to the notification, extended the provisional legal deadline in the case from late April until May 19 — came just over a month after the commission issued its statement of objections to...
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