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Air Transat reviewing multiple offers

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Air Transat reviewing multiple offers

Old 4th May 2020, 20:04
  #21 (permalink)  
 
Join Date: Sep 2002
Location: La Belle Province
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According to a story dated May 1 (Friday):
The transaction still requires approval of Canada’s Transport minister, Marc Garneau, though the nation’s competition regulator has voiced concern. European Union antitrust regulators are scheduled to decide on an agreement by May 25.
Mad (Flt) Scientist is offline  
Old 12th May 2020, 06:14
  #22 (permalink)  
 
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Originally Posted by Mad (Flt) Scientist View Post
According to a story dated May 1 (Friday):
...the nation’s competition regulator has voiced concern. European Union antitrust regulators are scheduled to decide on an agreement by May 25.
For someone not in the know, how does a foreign regulator get involved?
Smurfjet is offline  
Old 12th May 2020, 11:51
  #23 (permalink)  
 
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Same as in many other cases - if the two companies have a market presence in a country (or supranational entity, in this case) then their actions are subject to review by that country. The US, the EU and China all routinely use this approach.

Otherwise, to make an extreme example, any two large companies could form a massive monopoly just by domiciling in different countries and each claiming that no-one except THEIR home regulator had the right to review the merger.
Mad (Flt) Scientist is offline  

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