The US DoJ announces withdrawal of shipping equipment giants merger after it refused their settlement proposal and threatened to sue them (Cargotec / Konecranes)

Shipping Equipment Giants Cargotec and Konecranes Abandon Merger After Justice Department Threatens to Sue* Deal Would Have Eliminated Competition for Shipping Container Handling Equipment and Harmed the Global Supply Chain Cargotec Corporation (Cargotec) confirmed today that it has abandoned its intended merger of equals with Konecranes Plc (Konecranes) one day after the Justice Department’s Antitrust Division informed the parties that the settlement proposal was not sufficient to address concerns that the proposed combination would eliminate important

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US Department of Justice Antitrust Division, The US DoJ announces withdrawal of shipping equipment giants merger after it refused their settlement proposal and threatened to sue them (Cargotec / Konecranes), 29 March 2022, e-Competitions March 2022, Art. N° 106000

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