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Tetra Laval and Schneider rulings delayed.
(From Financial News (Daily))
The European Court of First Instance is delaying rulings on two controversial takeover cases that were vetoed by the European Commission, and will announce its verdicts on the same day in view of their 'exceptional importance', a court spokesman said.The move affects appeals against the Commission-blocked mergers of Tetra Laval, the paper packaging group, and Sidel, the French plastic bottling company, as well as that of French electrical manufacturers Schneider Electric and Legrand. Both cases were heard this summer, with the ruling on Tetra Laval initially set for early next month.
No new date has been set for the rulings, although the spokesman confirmed they would be announced together and later than initially expected. He said the judgments "may still be announced in October but it could be much later, even early next year".
The court president decides when to hand down a judgment after agreeing a decision with all the judges involved in a case. The judges are still working on an agreement, the spokesman said.
Bringing two or more cases together is not unprecedented, but it is unusual to have only one reason for the delay - in this case to allow the two judgments to be fully translated in all EU languages before they are made public. Lawyers ...
- PACKAGING: COMMISSION GRANTS CONDITIONAL APPROVAL FOR TETRA LAVAL TO BUY...
- Newspaper article from: European Report January 15, 2003 700+ words
The Commission's latest investigation into the Tetra Laval/Sidel merger...that, in the Tetra Laval/Sidel case, the Commission failed to deliver...re-examining Tetra Laval's bid for Sidel, the Commission uncovered new...
- EUROPEAN COMMISSION INDICATES IT MAY BLOCK TETRA LAVAL BID FOR SIDEL.(Brief...
- Magazine article from: Packaging Strategies October 31, 2001 700+ words
...deadline for the Commission's formal decision is Nov. 9. The Tetra Laval-Sidel deal has...decision made by the Commission and EU member states...combination of Tetra Laval's Tetra Pak liquid...packaging market. Tetra Laval is said to be in negotiations with the ...
- PACKAGING: COURT SAYS COMMISSION WAS WRONG TO BLOCK TETRA LAVAL...
- Newspaper article from: European Report February 16, 2005 700+ words
...packaging. The Commission said the merger...encouraged Tetra Laval to use its...position. Tetra Laval appealed to...annulled the Commissions two decisions...annulled the Commission decision...reasons why Tetra Laval might not...
- PACKAGING INDUSTRY: COMMISSION BLOCKS TETRA LAVAL TAKEOVER OF SIDEL.(European...
- Newspaper article from: European Report October 31, 2001 700+ words
...the way the Commission treated the Tetra Laval - Sidel case...The European Commission opened an in...acquisition by Tetra Laval S.A. (belonging...subsidiary Tetra Laval SA. The proposed...notified to the Commission for regulatory...
- COURT OF JUSTICE: MERGER RULINGS MAY FURTHER EMBARRASS COMMISSION.(Schneider...
- Newspaper article from: European Report October 19, 2002 700+ words
...the deal, the Commission argued that, if...parties had merged, Tetra Laval would have been...the new market. Tetra Laval contends that power...another and that the Commission has not satisfactorily...next week on the Tetra Laval/Sidel case could...
- Tetra Laval's Acquisition for Sidel Under a Phase II Inquiry by the EU...
- Press release article from: Business Wire July 6, 2001 700+ words
...The European Commission has today...of Sidel by Tetra Laval SA. Commenting...the Board, Tetra Laval SA, said...knew of the Commissions option to...closely with the Commission in the coming...course." Tetra Laval will now wait...
- European Commission doubletake: veto overturned in Tetra Laval's bid for Sidel.
- Magazine article from: Packaging Strategies October 31, 2002 700+ words
...overturned the European Commission's (EC) decision...year ago to block Tetra Laval's $1.6bn takeover...attempt to merge. Tetra Laval chairman Goran...process with the Commission so that we can...member within the Tetra Laval group." "The...
- PACKAGING: TETRA LAVAL APPEALS AGAINST COMMISSION MERGER VETO.(Brief Article)
- Newspaper article from: European Report January 19, 2002 700+ words
...Krones.The European Commission opened an in-depth...the acquisition by Tetra Laval S.A. (belonging...A. on July 6. The Commission's initial review...its French subsidiary Tetra Laval SA. The proposed acquisition...was notified to the Commission for regulatory clearance...
- MERGER CONTROL: COMMISSION APPEALS AGAINST COURT RULING ON TETRA LAVAL/SIDEL.
- Newspaper article from: European Report December 21, 2002 700+ words
...to monitor. Tetra Laval filed a new...victory over the Commission. The Commission...before the Tetra Laval/Sidel, to overturn the Commission's prohibition...The original Commission decision to block the Tetra Laval/Sidel merger...
- Europe Environment: Packaging: Tetra Laval appeals against European Commission...
- News wire article from: Chemical Business Newsbase January 29, 2002 700+ words
...Sidel. The Commission decided to...would combine Tetra Laval's dominant...sector. The Commission opened an in...Sidel SA by Tetra Laval SA on 6 Jul. Tetra Laval had proposed...considered by the Commission to be insufficient...
