DOJ’s Approval of Continental AG’s Acquisition of Veyance Requires Remedy of a Vertical Concern* On December 11, 2014, the Department of Justice (“DOJ”) approved Continental AG’s $1.8 billion acquisition of Veyance Technologies with conditions. The settlement agreements requires Continental to divest the North American commercial vehicle air springs business of Veyance and to waive an exclusivity requirement in its supply agreement to resolve a vertical antitrust concern. The Antitrust Division was concerned that the merger of rivals in the supply of new and
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The US DoJ approves a merger under conditions to resolve a vertical antitrust concern in the vehicle air springs market (Continental / Veyance Technologies)
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