On September 25, 2023, the European Commission (EC) blocked the proposed acquisition by Booking Holdings, Inc. of Flugo Group Holdings AB (eTraveli). This is the EC’s first prohibition of a transaction this year and its...more
On May 16, 2023, the Federal Trade Commission filed a complaint in the Northern District of Illinois seeking to enjoin closing of Amgen Inc.’s proposed $28 billion acquisition of Horizon Therapeutics. This is the first time...more
Carve-out deals, whether conducted through a trade sale, buyout, or IPO, have become a vital tool for businesses to boost balance sheets and deliver shareholder value. This trend has gathered momentum over recent years, with...more
It’s no surprise that of the 20 biggest AI companies in the world, no conglomerates are listed. Burdened by legacy business lines, technologies, and organizational structures as well as silos, these companies have struggled...more
In 2020, conglomerates around the globe are expected to continue gobbling up tech upstarts – whether in an effort to modernize distribution channels, improve enterprise security, integrate Artificial Intelligence and/or...more
Even in an era of perceived deregulation in the United States, environmental stewardship and compliance remain important as legal risks evolve. ...more
Ask this question to Joe Kaeser, CEO of Siemens, and the answer would be yes — amid new technologies and chaotic geopolitics, "traditional conglomerates," he says, "have no future." ...more
When it comes to supply chains for complex conglomerates, thorough due diligence is key. That might sound obvious – of course you should know information about your suppliers and customers....more
Tightening trade restrictions and concerns swirling around intellectual property rights are creating new risks for conglomerates faced with financial stress, especially when it comes to selling their assets. ...more
The Japan Fair Trade Commission ("JFTC") amended the "Guidelines to Application of the Antimonopoly Act Concerning Review of Business Combination" ("Guidelines") and the "Policies Concerning Procedures of Review of Business...more
On 4 April 2019, the European Commission published the much anticipated Report Competition Policy for the digital era (hereinafter referred to as the "Report"). ...more
HM Treasury has published explanatory information on the draft Financial Conglomerates and Other Financial Groups (Amendment) (EU Exit) Regulations 2018, which it intends to publish in due course. The draft Regulations will...more
The Joint Committee of the European Supervisory Authorities (that is, the European Banking Authority, the European Securities and Markets Authority and the European Insurance and Occupational Pensions Authority) has published...more
So about that whole going private thing. Change of plans for Elon & co. Here’s the inside scoop on the reversal...more