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Share Price: 231.10
Bid: 231.90
Ask: 232.10
Change: -0.20 (-0.09%)
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Open: 231.20
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EU mergers and takeovers (June 8)

Mon, 08th Jun 2015 14:47

BRUSSELS, June 8 (Reuters) - The following are mergers underreview by the European Commission and a brief guide to the EUmerger process:

APPROVALS AND WITHDRAWALS

-- Steel producers Feralpi Siderurgica and Duferco, which ispart of Swiss-based Duferco International Trading Holding, toacquire Italian peer Lucchini SpA Servola SpA (approved June 8)

-- Canada Life Group UK Ltd, which is a unit of Great-WestLifeco Inc, to acquire Irish insurer Legal & GeneralInternational (Ireland) Ltd, which is a unit of British insurerLegal & General Group (approved June 5)

NEW LISTINGS

-- U.S. trading group Castleton Commodities International toacquire Morgan Stanley's physical oil business (notifiedJune 5/deadline July 10/simplified)

-- Private equity firm Pamplona Capital Management to buypet food supplier Partner in Pet Food Holdings (notified June3/deadline July 8/simplified)

EXTENSIONS AND OTHER CHANGES

None

FIRST-STAGE REVIEWS BY DEADLINE

JUNE 9

-- Chemical holding company International Chemical InvestorsGroup to buy Switzerland-based Ineos' chlorovinyls business(notified April 29/deadline June 9)

JUNE 10

-- Singapore-based commodities firm Olam International Ltd to aquire Archer Daniels Midland Co's cocoabusiness (notified April 30/deadline June 10)

JUNE 11

-- U.S. flooring products maker Mohawk Industries tobuy Luxembourg-based International Flooring Systems (notifiedMarch 2/deadline extended to June 11 from May 28 after thecompanies offered concessions)

-- U.S. metals company Alcoa to acquire U.S. titaniumsupplier RTI International Metals (notified May4/deadline June 11)

-- U.S. packaging company Plastipak to acquireSpanish peer Appe Packaging Inc(notified May 4/deadline June 11)

JUNE 15

-- German drugs and chemicals maker Merck KGaA toacquire U.S. peer Sigma-Aldrich (notified April21/deadline extended to June 15 from June 1 after Merck offeredconcessions)

JUNE 19

-- Finnish energy company Stl to acquire joint control ofaviation Fuelling Service Norway AS, which is part of oilproducer Royal Dutch Shell Keele Oy (notified May12/deadline June 19)

JUNE 22

-- Singapore's Flextronics to acquire Frenchtelecoms company Alcatel-Lucent's Italian assets(notified May 13/deadline June 22/simplified)

-- U.S. telecoms equipment maker CommScope Holding Co Inc to buy Swiss electronics firm TE Connectivity's networkgear business BNS (notified May 13/deadline June 22)

JUNE 23

-- U.S. private equity firm Lindsay Goldberg to acquireGerman metal producer VDM Metals group (notified May 18/deadlineJune 23/simplified)

-- German car parts maker Mahle Behr to acquire U.S. carparts maker Delphi's Thermal Systems unit (notified May18/deadline June 23)

JUNE 24

-- Public Sector Pension Investment Board and OntarioTeachers' Pension Plan Board to jointly acquire Tonopah SolarEnergy Holdings (notified May 19/deadline June 24/simplified)

JUNE 26

-- Private equity firm Permira and investment fund CanadaPension Plan Investment Board to jointly acquire U.S. softwarecompany Informatica (notified May 21/deadline June26/simplified)

-- DCC Holding A/S, which is a subsidiary of Irish companyDCC Plc, and DLG Service A/S, which is unit of Danishcooperative DLG Group, to combine their Danish energy businesses(notified May 21/deadline June 26)

-- PRS for Music Ltd (PRSfM), Foreningen Svenska TonsattaresInternationella Mysikbyra (Stim) and Gesellschaft fürmusikalische Aufführungs- und mechanischeVervielfältigungsrechte (Gema) to set up a joint venture toadminister mechanical and performing rights (notified Nov.28/deadline June 26/companies offer commitments on March 13)

JUNE 29

-- French shipping company CMA CGM to acquireOldenburg-Portugiesische Dampfschiffs-Rhederei GmbH & Co. KG,which is a unit of the Bernhard Schulte GmbH & Co KG (notifiedMay 22/deadline June 29)

-- French investment fund LBO France to acquire control ofclothing retailer IKKS (notified May 22/deadline June29/simplified)

-- Canada Pension Plan Investment Board to acquire jointcontrol of British port operator ABP together withinfrastructure investor Borealis and Singapore state-ownedinvestment vehicle GIC Pte Ltd (notified May 22/deadline June29/simplified)

JUNE 30

-- U.S. investment firm Centerbridge Partners L.P. toacquire Italian lender Banca FarmaFactoring S.p.A (notified May26/deadline June 30/simplified)

JULY 1

-- British Airways-owner IAG's to acquire a25-percent stake in Irish airline Aer Lingus (notifiedMay 27/deadline July 1)

-- China National Chemical Corp to acquire Italian tyremaker Pirelli (notified May 27/deadlineJuly 1)

JULY 2

-- British meat producer Dawn Meats to acquire a 49 percentstake in French meat producer Elivia which is only wholly ownedby agricultural cooperative Terrena (notified May 28/deadlineJuly 2/simplified)

JULY 8

-- U.S. investment company OpenGate Capital Group Europe toacquire chemicals producer Kem One Innovative Vinyls (notifiedJune 3/deadline July 8)

-- Meat products group Danish Crown to acquire Danish peerTican (notified June 3/deadline July 8)

JULY 24

-- German conglomerate Siemens to purchase U.S.oilfield equipment maker Dresser-Rand Group Inc (notified Jan. 9/deadline July 24)

AUG 6

-- Commodities trader Cargill to buy rival ArcherDaniels Midland Co's global chocolate business (notifiedJan. 19/deadline Aug. 6/Cargill offers concessions on May 22)

AUG 21

-- U.S. conglomerate General Electric to acquire mostof French engineering group Alstom's power equipmentbusiness (notified Jan. 19/deadline extended for the third timeto Aug. 21 from Aug. 6)

SEPT 2

-- Norwegian telecoms company Telenor and Swedishpeer TeliaSonera to combine their Danish mobilebusinesses (notified Feb. 27/deadline extended to Sept. 2 fromAug. 19 after the companies asked for more time)

SUSPENDED

-- SOCAR, Azerbaijan's state energy company, to buy stakesin Greek natural gas grid operator DESFA from Greek natural gasutility DEPA (notified Oct. 1/deadline suspended on Jan. 21)

GUIDE TO EU MERGER PROCESS

DEADLINES:

The European Commission has 25 working days after a deal is filed for a first-stage review. It may extend that by 10 workingdays to 35 working days, to consider either a company's proposedremedies or an EU member state's request to handle the case.

Most mergers win approval but occasionally the Commission opens a detailed second-stage investigation for up to 90 additional working days, which it may extend to 105 working days.

SIMPLIFIED:

Under the simplified procedure, the Commission announces theclearance of uncontroversial first-stage mergers without givingany reason for its decision. Cases may be reclassified asnon-simplified - that is, ordinary first-stage reviews - untilthey are approved. (Compiled by Foo Yun Chee)

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