EU merger reviews at a glance outlook

Date : 02/04/2008 @ 8:05AM
Source : TFN
Stock : Respironics Inc (RESP)
Quote : 65.96  0.0 (0.00%) @ 4:45AM
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EU merger reviews at a glance outlook

        BRUSSELS (Thomson Financial) - The following mergers and joint-venture
agreements have been notified to the European Commission for regulatory
clearance:

RECENT NOTIFICATIONS

March 5 -Proposed acquisition by Royal Philips Electronics NV of Respironics Inc

PHASE ONE INVESTIGATIONS

Feb 4 -Proposed acquisition by Basell of Royal Dutch Shell's Compagnie de
Distribution des Hydrocarbures

Feb 5 -Proposed acquisition by Triton of Evonik Industries AG's Ruetgers tar
chemicals unit (Candidate for simplified procedure)
    -Proposed bancassurance joint venture between Aviva, Bank Zachodni
    -Proposed acquisition by Bouygues, Artemis for joint control of Serendipity
Investment (Candidate for simplified procedure)

Feb 6 -Proposed acquisition by Mercapital, Carlyle Group of Arsys Internet
(Candidate for simplified procedure)

Feb 8 -Proposed acquisition by Rexel of Hagemeyer
    -Proposed acquisition by Sonepar of Rexel's German operations
    -Proposed acquisition by CVC Capital Partners of Katope International

Feb 11 -Proposed acquisition by Sonepar of selected Hagemeyer businesses
    -Proposed acquisition by Norges Stadsbaner (NSB) of 20 pct stake in Travel
AS (Candidate for simplified procedure)

Feb 12 -Proposed joint venture between ProSiebenSat1 Media's SevenOne,
Holtzbrinck (Candidate for simplified procedure)

Feb 13 -Proposed acquisition by EQT of Advent International's SAG

Feb 14 -Proposed acquisition by REWE of UAB Palink (Candidate for simplified
procedure)

Feb 15 -Proposed acquisition by Henkel of Akzo Nobel's adhesives and electronic
materials businesses
    -Proposed acquisition by Kohlberg Kravis Roberts of Northgate Information
Solutions (Candidate for simplified procedure)
    -Proposed acquisition by Sagard, Barclays Private Equity of capital in Flakt
Woods JV (Candidate for simplified procedure)

Feb 19 -Proposed acquisition by Cookson Group of Foseco
    -Proposed acquisition by Saint-Gobain of HeidelbergCement's maxit
    -Proposed joint venture between Bank Sarasin, AIG Private Bank (Candidate
for simplified procedure)

Feb 22 -Proposed acquisition by Rank of Alcoa Inc's packaging and consumer
businesses (Candidate for simplified procedure)

Feb 25 -Proposed acquisition by Permira of Arysta Lifescience 
    -Proposed acquisition by JBS SA of 50 pct stake in Cremonini SpA's Inalca
(Candidate for simplified procedure)
    -Proposed acquisition by ArcelorMittal of ferro-alloy maker OFZ (Candidate
for simplified procedure)

Feb 26 -Proposed acquisition by Ineos of BP's acetate businesses (Candidate for
simplified procedure)

Feb 27 -Proposed acquisition by Acer of Packard Bell

Feb 28 -Proposed acquisition by Swiss Life of AWD Holdings (Candidate for
simplified procedure)

Feb 29 -Proposed acquisition by Gaz de France's Cofathec of 7 Edison power
plants
    -Proposed acquisition by Investitori Associati, Cognetas Fund of Argenta
Group (Candidate for simplified procedure)

March 3 -Proposed acquisition by Schwenk Gryppe of Paul Hartmann (Candidate for
simplified procedure)

March 5 -Proposed acquisition by Royal Philips Electronics NV of Respironics Inc

March 6 -Proposed acquisition of MOL by OMV AG

The commission launches first-phase inquiries into all deals that meet EU merger
thresholds. These inquiries last one month but are extended by two weeks when
companies offer remedies or when a national competition authority asks to rule
on the deal. A deal that is not expected to raise competition concerns may be
submitted as a candidate for the EU's simplified merger procedure, a reduced
regulatory process. The commission is entitled to transform a simplified inquiry
into a full first-phase inquiry.

IN-DEPTH SECOND-PHASE INVESTIGATIONS

Mar 10 -Proposed acquisition by Thomson Corp of Reuters Group

Mar 19 -Proposed acquisition by IBM Corp of Telelogic AB

Apr 2 -Proposed acquisition by Google of DoubleClick

May 5 -Proposed acquisition by TomTom NV of Tele Atlas NV

May 15 -Proposed acquisition by STX Shipbuilding of stake in Aker Yards ASA

May 23 -Proposed acquisition by Arjowiggins of M-Real Zanders Reflex mill

The commission opens in-depth probes lasting up to four months if competition
concerns cannot be resolved during the first-phase inquiry.
nina.chestney@thomson.com
pam/ajb/pam/vlb/nc/rfw/nc/jlc

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