On March 29, the DOJ announced that it will not challenge Cisco Systems Inc.'s acquisition of Tandberg ASA. The EU also cleared the transaction, however, it required conditions for its approval.
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On March 8, 2010, Blue Cross Blue Shield of Michigan's (Blue Cross-Michigan) subsidiary, Blue Care Networks of Michigan, abandoned its attempt to purchase Physicians Health Plan of Mid-Michigan (PHP) after the Department of Justice and the Michigan Attorney General informed the companies that they would file an antitrust lawsuit to block the acquisition.
Continue reading " BLUE CROSS ABANDONS MERGER PLANS AFTER DOJ THREATENS LAWSUIT " »
