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Time For M&A Parties To Take Gun-Jumping Rules Seriously

Law360 (May 2, 2018, 11:56 AM EDT) -- Last week, on April 24, 2018, the European Commission announced that it had imposed a fine of €124.5 million ($152.3 million) on Altice, the Dutch cable and telecommunications company, for implementing its 2015 acquisition of PT Portugal before obtaining merger clearance from the commission (termed "gun jumping").

The record amount imposed by the commission dwarfs any other gun-jumping fine imposed by any other antitrust authority worldwide. While underlying rules that parties need to comply with during ongoing merger control reviews are not new, the fining decision...
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