DOJ INVESTIGATING MONSANTO
On January 14, the DOJ announced that it has opened a formal antitrust investigation of the soybean seed industry.
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January 14, 2010
December 23, 2009
FTC Approves Agrium's Purchase of CF
On December 23, 2009, Agrium Inc. agreed to sell a range of assets as part of an agreement with the FTC that will allow Agrium to move forward with its acquisition of competitor CF Industries Holdings, Inc. The proposed consent order settles allegations that the acquisition would have eliminated competition in the market for anhydrous ammonia fertilizer, a product that farmers rely on to grow their crops.
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December 17, 2009
FTC Sues Intel
On December 16, 2009, the Federal Trade Commission ("FTC") filed an administrative complaint against Intel Corporation ("Intel") alleging that it has engaged in anticompetitive and unfair conduct in order to stifle competition and maintain its monopoly position.
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December 16, 2009
DOJ CLEARS CISCO'S ACQUISITION OF STARENT
On December 16, 2009, Cisco announced that the DOJ terminated the mandatory waiting period under the Hart-Scott-Rodino Antitrust Improvement Act of 1976, as amended, with respect to Cisco's pending acquisition of Starent Networks.
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December 2, 2009
Watson’s Acquisition of Arrow Requires Settlement
On December 2, 2009, the FTC announced an order settling charges that Watson Pharmaceuticals, Inc.’s acquisition of Robin Hood Holdings Limited, owner of Arrow Pharmaceuticals, would have harmed consumers by eliminating future competition for important generic drugs used to treat Parkinson’s disease (cabergoline) and the side effects of chemotherapy (dronabinol).
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November 25, 2009
FTC Allows SCI’s Acquisition of Palm Mortuary With Divestitures
On November 25, 2009, the FTC announced that it approved SCI's acquisition of Palm Mortuary, Inc. ("Palm") as long as it sold a cemetery and funeral home in Las Vegas.
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November 2, 2009
MICHIGAN REALTORS' GROUP REDUCED COMPETITION BY RESTRICTING ACCESS TO ITS MULTIPLE LISTING SERVICE
On November 2, 2009, the Federal Trade Commission (“FTC”) released an opinion stating that the Realcomp II (“Realcomp”), a real estate multiple listing service (“MLS”) serving southeast Michigan, took part in anticompetitive practices by restricting some of its members access to its database.
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October 29, 2009
FTC ALLOWS SCHERING-PLOUGH TO ACQUIRE MERCK
On October 28, 2009, the FTC approved Schering-Plough's $41.1 billion acquisition of Merck, on the condition that certain divestitures were made.
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October 14, 2009
FTC SETTLES WITH PFIZER REGARDING ITS ACQUISITION OF WYETH
On October 14, 2009, the Federal Trade Commission (“FTC”) settled with Pfizer Inc. regarding its proposed $68 billion acquisition of Wyeth.
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October 13, 2009
ICE PACKAGING COMPANY AND ITS EXECUTIVES PLEAD GUILTY TO CUSTOMER ALLOCATION CONSPIRACY
On October 13, 2009, Arctic Glacier International (“AGI”) and three of its former executives, Frank Larson (former senior VP of operations), Keith Corbin (former VP of sales), and Gary Cooley (former VP of sales and marketing), pled guilty for their role in a conspiracy to allocate customers of packaged-ice in the Detroit metropolitan area and southeastern Michigan. The company agreed to pay a criminal fine of $9 million.
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