Delaware Judge Directs Abbott and Alere to Work out Differences

Updated 11:07am EST – Delaware Vice Chancellor Samuel Glasscock Friday morning said that he will agree to Alere’s request for an expedited trial over its troubled merger with Abbott Laboratories, but immediately stayed his ruling and directed the companies to negotiate a settlement on their own. Alere has asked the Delaware court to compel Abbott … Read Morepublic

Mediaset-Vivendi Deal Expected to Proceed Despite Legal Dispute

French media conglomerate Vivendi is currently entangled in a bitter legal dispute with Italian broadcasting giant Gruppo Mediaset, which is controlled by former prime minister Silvio Berlusconi. However, a lawyer familiar with the situation believes that the lawsuit filed by Mediaset against the Paris-based peer was apublic

Wisconsin PSC to take up Legal Issues with ITC/Fortis in Late September/Early October

The Wisconsin Public Service Commission is still weeks away from resolving a series of disputed legal issues that have entangled Canadian energy giant Fortis, Inc.’s $11.3 billion bid to acquire Michigan-based ITC Holdings, Inc., the PSC’s chief counsel said Monday.public

FCC Expected to Announce Bidders for Spectrum Shortly

Updated March 11, 12:13pm – Within the next week or so, the Federal Communications Commission is expected to announce the names of wireless carriers bidding for spectrum in the incentive auction, two sector bankers told CTFN. The announcement will “probably” be made next week, according to the first banker, who said that the agency has … Read Morepublic

CEO Testimony Could Prove Risky for Staples

Attorneys for Staples are planning on having the company’s CEO testify to defend Staples acquisition of chief competitor Office Depot, but the plan could backfire as it did during last year’s antitrust trial in the General Electric/AB Electrolux case, when the judge forced an embarrassing retraction of testimony by Electrolux’ chief executive. The retraction in … Read Morepublic

Brazilian Tribunal Reviews Baker Hughes/Halliburton Divestiture Plan

The Tribunal of Brazilian regulator CADE is currently examining a divestment proposal submitted by Halliburton and Baker Hughes to get the go-ahead for their $35 billion merger. Last month CADE commissioner Cristiane Alkmin Junqueira Schmidt, who is in charge of the case, requested that the mergingpublic

Documents Provide Look into NYPSC’s Cablevision-Altice Probe

A raft of document requests probing the inner-workings of the proposed $17.7 billion merger of Netherlands-based telecom company Altice and Cablevision Systems surfaced publicly Tuesday at the New York Public Service Commission. The requests, issued over the last several months and as recently as last week, provide a detailed glimpse into what aspects of the … Read Morepublic

Baxalta-Shire Spread Expected to Face Pressure

Baxter’s disposition of shares in Baxalta will likely widen the spread between the spinoff’s trading price and Shire’s offer, said four industry sources. A hedge fund source called the spread a buying opportunity. “The spread will widen in this case because there’s a large seller, Baxter,” said the hedge fund investor. “It’s expected. Sometimes when … Read Morepublic

Keurig Deal Likely on Track after HSR Pull/Refile

Representatives of international coffee conglomerate JAB Holding Co. are confident that their acquisition of Keurig Green Mountain is still on track despite the pull-and-refile of the Hart-Scott-Rodino Antitrust Act application, a sign that U.S. regulators are not yet ready to sign off on the $13.9 billion transaction. The maneuver gives the JAB-led group an additional … Read Morepublic

Hawaii Regulator Exposes NextEra Settlement with DOD

Hawaii’s Public Utilities Commission has turned down a request by the U.S. Defense Department to withdraw as a party in one of the most controversial utility mergers in the state’s history — the pending $4.3 billion acquisition of Hawaiian Electric Industries by Florida-based NextEra Energy. The commission said in a newly-issued order that it was … Read Morepublic

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