The US DoJ imposes divestiture of US operations before clearing a merger in the highly concentrated markets for point-of-sale terminals tailored for small and large retail stores (VeriFone / Hypercom)

The Department of Justice (DOJ) filed two civil antitrust lawsuits, challenging, on May 10, the consummated merger between George’s Inc. and Tyson Foods and, on May 12, the proposed acquisition by Verifone Systems, Inc. of Hypercom Corp. Neither transaction was subject to the pre-merger notifications under the Hart-Scott-Rodino Improvements Act of 1976. In U.S. v. George’s Foods, LLC, the DOJ challenges the consummated transaction between George’s Inc. and Tyson Foods, two chicken processing companies in Virginia’s Shenandoah Valley. The lawsuit requests that the court declare the acquisition unlawful under Section 7 of the Clayton Act

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Authors

  • King & Spalding
  • King & Spalding (Washington)
  • King & Spalding (Washington)

Quotation

Brian Meiners, Jeffrey S. Spigel, John D. Carroll, The US DoJ imposes divestiture of US operations before clearing a merger in the highly concentrated markets for point-of-sale terminals tailored for small and large retail stores (VeriFone / Hypercom), 21 November 2011, e-Competitions November 2011, Art. N° 53061

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