The Eu Goes Trustbusting
KIMBERLY-CLARK AND SCOTT Paper have hit a snag in their merger plans. The European Union is launching an antitrust probe that could end up forcing the paper-goods companies to sell a chunk of their assets in Europe, where combined sales exceed $2 billion. In the U.S., the deal is undergoing a Justice Dept. review, with results expected by November. As the biggest players in Europe's merger wave, U.S. companies are getting hit hard by the EU's feisty competition authority: They're involved in about 25 of the 81 EU antitrust cases thus far this year.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Fewest Jobless Claims Since 1973 Show Firm U.S. Job Market
- Greenwich Mansion Listings Pulled to Wait for a Better Day
- U.S. Stocks Climb With Treasuries as Dollar Slides: Markets Wrap
- The U.K.'s $86 Billion Pension Problem Is About to Solve Itself
- Germans Are Going Wild for a Show Set During the Dawn of the Nazis