The Antitrust Week in Review
Here are some of the developments in antitrust news this past week that we found interesting and are following.
.聽 Federal courts often find the extent to which U.S. antitrust laws have a global reach to be one of the thorniest issues to deal with.聽 The U.S. Court of Appeals for the Second Circuit is wrestling with this issue as it reviews a $147.8 million jury verdict against two Chinese vitamin C makers.
.聽聽 Two top supermarket chains are having a special sale 鈥� 168 stores 鈥� in order to win FTC approval of their $9.2 billion merger.
.聽 Pharmaceutical companies Sun Pharmaceutical Industries Ltd. and Ranbaxy Laboratories Ltd. have agreed to divest Ranbaxy鈥檚 interests in generic minocycline tablets聽 in order to settle FTC charges that Sun鈥檚 $4 billion proposed acquisition of Ranbaxy would be anticompetitive.聽 Completion of the deal would create the world’s fifth-largest 聽(and India’s largest) drug maker.
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