Behavioral Remedies Likely in Luxottica/Essilor Merger

With additional reporting by Diane Alter – French ophthalmic lens manufacturer Essilor and Italian eyewear leader Luxottica might be required to offer some behavioral remedies to obtainfeatured

Verizon Watching Time Warner/AT&T Before Deciding on Deals, Bankers Say

Verizon is watching AT&T as it goes through the regulatory process for its $85 billion acquisition of Time Warner before reaching conclusions about its own big ticket M&A, saidfeatured

Shareholder Concerns Voiced in Stillwater/Sibanye Deal

Some of Sibanye Gold’s minority shareholders have raised concerns over the company’s ongoing acquisition of U.S. platinum group metals and palladium producer Stillwater, South African sources told CTFN.featured

Protests Mount Against Dakota Access Pipeline

Energy Transfer Partners, the Texas-based company behind the Dakota Access Pipeline, announced Tuesday that it would resume construction of the controversial oil pipeline project that the Standing Rock Sioux Tribe and its allies say would desecrate ancient Indian burial grounds and cultural sites.featured

Construction Companies Plead with CADE over Petrobras Case

Several Brazilian construction companies who allegedly took part in a cartel involving state-controlled oil and gas giant Petrobras are negotiating leniency agreements with antitrust authority CADE, sources involved in the case told CTFN. “Some of them are at an advanced stage of discussions, others in the early stages,” a lawyer for one of the defendants … Read Morefeatured

Telecom Italia Fights Enel at the European Commission

Former Italian incumbent, Telecom Italia, filed a market abuse complaint with the European Commission in July against e-distribuzione, formerly known as Enel Distribuzione, which manages 85% of the nation’s electricity distribution network, a lawyer familiar with the situation told CTFN. According to the source, Telecom Italia submitted several requests to Enel to share its infrastructure, as per current … Read Morefeatured

Brazil Anti-Corruption Law Hinders Odebrecht Divestment Process

Updated with comments from the company – Troubled, family-owned Brazilian conglomerate Odebrecht, which is engulfed in the country’s largest corruption scandal, is looking to divest all of its assets except for petrochemical company Braskem and construction business Construtora Norberto Odebrecht, sources close to the company told CTFN. “Odebrecht is divesting a lot. Their aim is … Read Morefeatured

Fortis Encountering Regulatory Issues in Wisconsin in its Deal for ITC Holdings

Canadian energy giant Fortis, Inc.’s $11.3 billion bid to acquire Michigan-based ITC Holdings, Inc. is encountering regulatory issues in Wisconsin over whether Fortis needs state approval to form a holding company in that state and attention also focusing on the Fortis’s  financial links to the government of Singapore.featured

California PUC Reform Package Could Hurt Regulated Utilities in the State

Regulated utilities like Pacific Gas & Electric Co. and Southern California Edison along with whoever serves as president of the California Public Utilities Commission are likely to be the big losers if a package of CPUC reforms are enacted later this month by the California Legislature, commission observers told CTFN.featured

Pharol Fights Back Against Oi Minority Shareholder Claims

Portuguese holding company Pharol, the largest shareholder in Brazilian distressed telco Oi, is taking action to defend itself from the accusations put forward by opportunistic minority shareholder Société Mondiale, which has called for two shareholders meetings on September 8 to discuss, among other items, the replacement of Pharol-linked board members. Pharol, which holds a 27.5% … Read Morefeatured

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