Welch underestimated antitrust issue

Article Abstract:

General Electric (GE) CEO Jack Welch has failed to take the much tougher standards of the European antitrust authorities when his company proposed to acquire Honeywell International. European antitrust authorities apply much tougher standards than the US Justice Dept when scrutinizing delas for anti-competitive effects. Regulators in Brussels, Belgium, believe that GE could crowd out Rolls-Royce and Pratt and Whitney if it could capture more of the market by acquiring Honeywell. Thus, GE's argument that the deal allowed it to be more efficient fell on deaf ears.

Europe, Diversified Companies, ELECTRONIC & OTHER ELECTRIC EQUIPMENT, Electrical & Electronic Equip, Electrical Equipment, Appliance, and Component Manufacturing, Foreign operations, Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing, Radio & TV communications equipment, Aviation Electronics, Brief Article, General Electric Co., GE, Avionics, Honeywell International Inc., ALD

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Vivendi to pay $10.5B for USA Networks

Article Abstract:

Vivendi Universal acquires USA Networks Inc. for $10.5 billion. Industry insides say the yet to be named subsidiary could open the door for Vivendi to coordinate Universal's film and theme parks.

France, Cable Networks, Cable and other pay TV services, Electric, Gas & Water Utilities, Utilities, Cable TV Networks, ELECTRIC, GAS, AND SANITARY SERVICES, Public utilities, Cable networks (Television), USA Networks Inc., Company Profile, USAI, Vivendi S.A.

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