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Sumitomo's acquisition of Dunlop brands cleared by Philippine competition authority

( March 27, 2017, 03:05 GMT | Official Statement) -- MLex Summary: The Philippine Competition Commission has cleared the proposed acquisition by Sumitomo Rubber Industries of the Dunlop-related subsidiaries of UK-based sporting goods retailer Sports Direct International. The $137.5 million acquisition of Dunlop Brands Ltd., Dunlop Slazenger 1902 Ltd., and Dunlop Australia Ltd., as well as the Dunlop-related business of Dunlop Sports Group Americas, is subject to antitrust clearance in both Germany and the Philippines, according to media reports....

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