By Diane Bartz and Yashaswini Swamynathan
(Reuters) – Dollar Tree Inc was given the go-ahead
to buy Family Dollar Stores Inc by the U.S. Federal
Trade Commission on condition that they sell 330 Family Dollar
stores, putting to rest a year-long merger saga.
Dollar Tree said it expects the deal to close on Monday.
The stores spread across 35 states, which Dollar Tree has
offered to sell to private equity firm Sycamore Partners, has to
be sold within 150 days after the deal closes, the agency said.
WASHINGTON (Reuters) – Frequent assurances by U.S. airline executives that they would maintain “discipline” when adding seats on competitive routes were a red flag for antitrust regulators on alert for collusion between the four largest air carriers, antitrust experts said Thursday.
The U.S. Justice Department disclosed Wednesday that it has demanded details from the airlines about their communications on capacity with analysts, investors, the public and each other.
WASHINGTON/NEW YORK (Reuters) – The U.S. Department of
Justice said on Wednesday it is investigating whether U.S.
airlines worked together illegally to keep airfares high by
signaling plans to limit flights.
The Justice Department wrote to major U.S. air carriers
demanding that they detail decisions to limit the number of
seats they offer, and what they’ve said about those plans to
investors, securities analysts and the public.
WASHINGTON (Reuters) – The United States filed a lawsuit on
Wednesday to stop Sweden’s Electrolux AB, which owns
the Frigidaire and Tappan brands, from buying General Electric
Co’s appliance business, the Justice Department said in a
It said the $3.3 billion deal would hurt competition, and
consumers, by combining two of the three top makers of stoves,
cooktops and ovens. Whirlpool Corp is the third.
WASHINGTON, June 30 (Reuters) – AT&T Inc’s proposed
$48.5 billion acquisition of DirecTV is expected to get
U.S. regulatory approval as soon as next week, according to
people familiar with the matter, a decision that will combine
the country’s No. 2 wireless carrier with the largest
The Department of Justice, which assesses whether deals
violate antitrust law, has completed its review of the merger
and is waiting on the Federal Communications Commission to wrap
up its own, according to three people familiar with the matter.
WASHINGTON (Reuters) – Sysco Corp (SYY.N: Quote, Profile, Research, Stock Buzz), the biggest U.S. food distribution company, has scrapped a controversial plan to merge with US Foods[USFOO.UL], its biggest rival, the company announced on Monday.
Cancellation of the deal means that Sysco will be required to pay a $300 million break-up fee to US Foods and another $12.5 million to another company, which had agreed to buy 11 facilities that Sysco hoped to sell in order to satisfy U.S. antitrust regulators.
WASHINGTON, June 29 (Reuters) – Sysco Corp, the
biggest U.S. food distribution company, has scrapped a
controversial plan to merge with US Foods, its biggest
rival, the company announced on Monday.
Cancellation of the deal means that Sysco will be required
to pay a $300 million break-up fee to US Foods and another $12.5
million to another company, which had agreed to buy 11
facilities that Sysco hoped to sell in order to satisfy U.S.
WASHINGTON (Reuters) – Sysco Corp’s (SYY.N: Quote, Profile, Research, Stock Buzz) $3.5 billion merger with US Foods should be stopped for further review, a U.S. federal judge ruled on Tuesday, handing a major victory to the U.S. government, which had filed an antitrust lawsuit aimed at blocking the controversial merger.
The judge’s decision could be a death blow to the deal between the two largest U.S. food distributors since the further review requested by the Federal Trade Commission is so lengthy that deals generally cannot be held together during the process.
NEW YORK/WASHINGTON (Reuters) – U.S. health insurer Anthem Inc (ANTM.N: Quote, Profile, Research, Stock Buzz) on Monday dismissed concerns that buying smaller competitor Cigna Corp (CI.N: Quote, Profile, Research, Stock Buzz) would be considered anti-competitive, even as antitrust experts said the combination would earn regulatory scrutiny.
Any merger could require asset sales and would be complicated by other potential deals in the U.S. healthcare industry, expected to see rapid consolidation. Insurers have emerged from years of changes in health insurance under President Barack Obama’s national healthcare reform law and are seeking now to use scale to trim administrative costs and negotiate lower prices with doctors in their networks.
By Diane Bartz
(Reuters) – Reynolds American Inc on Monday cleared
the final hurdle for its roughly $27.4 billion purchase of
smaller rival Lorillard Inc as a federal judge approved
its request to sell several cigarette brands.
The companies expect to close on June 12, they said in a
U.S. District Judge Gladys Kessler in Washington, D.C.
granted an unopposed motion allowing the transfer of the Kool,
Maverick, Salem and Winston brands to Imperial Tobacco Group Plc