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Mergers and Acquisitions

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Competition tribunal can demand additional economic evidence, key Australian judge says November 06, 2025 | James Panichi

Dealmakers approaching Australia’s specialized competition tribunal must remember that, unlike the country’s adversarial federal court, the tribunal is by nature administrative and inquisitorial, and doesn’t b... (more story)

Novo Nordisk’s bid for Metsera raises potential concerns, US FTC's Guarnera says November 05, 2025 | Flavia Fortes

The Federal Trade Commission has warned Novo Nordisk and Metsera that Novo’s restructured plan to buy Metsera, including a considerable upfront payment, may violate US premerger notification laws. FTC Bureau o... (more story)

Delaware judge won’t block Metsera from terminating Pfizer deal, accepting Novo offer November 05, 2025 | Wesley Brown

Metsera will be allowed to terminate its deal with Pfizer and accept a rival bid from Novo Nordisk, a judge with the Delaware Court of Chancery ruled. Pfizer had sought a temporary restraining order against Me... (more story)

US states argue in HPE-Juniper case Tunney Act is not a 'rubber stamp' November 05, 2025 | Flavia Fortes

Attorneys general from 12 states and the District of Columbia told a California federal judge that the court’s review of a settlement between the US Department of Justice and Hewlett Packard Enterprise-Juniper... (more story)

DNOW-MRC Global deal receives all regulatory approvals November 05, 2025 | Flavia Fortes

Energy and industrial products suppliers DNOW and MRC Global have received all antitrust clearances for their $1.5 billion deal. The companies disclosed that the regulatory approvals were received by Nov. 3.

ADNOC-Covestro foreign subsidy review resumes in EU (update*) November 05, 2025 | Andrew Boyce

Abu Dhabi National Oil Company has seen EU regulators resume their foreign subsidy probe into its takeover of Covestro. The European Commission now has until March 2 to decide on the €14.7 billion deal.

Amazon reports plan to buy Viziotix under killer-acquisition disclosure scheme November 05, 2025 | Jean Comte

US giant Amazon told the European Commission in July that it intended to acquire French startup Viziotix, according to an update on the regulator's website on Monday. The disclosure was made under a provision ... (more story)

Interrupting Metsera bidding process would be wrong, Delaware judge says November 04, 2025 | Wesley Brown

A ruling on a pending motion from Pfizer to block a bid by Novo Nordisk to buy Metsera during the ongoing bidding process would be wrong, according to a Delaware Court of Chancery Judge. Vice Chancellor Morgan... (more story)

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Proposed FTC Commissioner Baasch brings privacy, competition litigation chops to agency November 05, 2025 | Mike Swift and Chris May

Ryan Baasch, President Trump’s choice to be the next member of the US Federal Trade Commission, is a lawyer who knows the inside of a courtroom, even as he was the field general leading one of the most effecti... (more story)

Google-Wiz early termination in US a good sign for deals under review November 05, 2025 | Flavia Fortes

Google has received antitrust clearance for its proposed $32 billion acquisition of cybersecurity firm Wiz, according to a notice in the US Federal Trade Commission’s early termination page — a positive develo... (more story)

MMG-Anglo American nickel deal's in-depth EU probe is all about resilience risk November 04, 2025 | Nicholas Hirst

Chinese-owned mining company MMG's reliability lies at the center of a new EU in-depth merger inquiry announced on Tuesday. If allowed to acquire Anglo American's nickel business in Brazil, MMG may have "an in... (more story)

Getty, Shutterstock to push back against UK merger concerns in phase II November 04, 2025 | Nicholas Hirst and Jon Menon

The in-depth UK merger review of Getty Images’ bid for Shutterstock could run well into next year, with signs that the companies are willing to fight the regulator’s concerns. To avoid a phase II probe, Getty ... (more story)

Euronext’s Greek deal to test ease of stock exchange consolidation across borders November 04, 2025 | Jean Comte and Andrew Boyce

Euronext has launched an all-share offer on the Greek stock exchange, hoping to add to its EU-wide portfolio of exchanges. The move doesn't need competition approval, has been welcomed by the Greek finance min... (more story)

Novo Nordisk’s strategy to outbid Pfizer for Metsera may face gun-jumping hurdles October 31, 2025 | Flavia Fortes, Nicholas Hirst and Jon Menon

Novo Nordisk is seeking to outbid Pfizer to acquire obesity drug maker Metsera in a deal structured with an early payment for 50 percent of Metsera’s non-voting shares that may trigger gun-jumping concerns wit... (more story)

NewPrinces' Carrefour deal offers EU merger watchdog fresh food for thought October 31, 2025 | Andrew Boyce

NewPrinces’ takeover of Carrefour’s Italian business poses some novel questions for EU competition enforcers, as the biggest example yet of a food supplier buying a major supermarket chain. At a time when food... (more story)

CFIUS backup means higher fees, opportunity costs for foreign investment October 30, 2025 | Curtis Eichelberger

National security reviews of foreign investments in the US have been tolled since the government shut down Oct. 1. Attorneys involved in the process say deals are piling up, and while the nation is still being... (more story)