Category Archives: Law and Law Enforcement

Justice Department Requires General Electric Company to Make Incentive Payments to Encourage Completion of Divestitures Agreed to as a Condition of Baker Hughes Merger

The Department of Justice announced that General Electric Co. (GE) has agreed to make incentive payments beginning in 2018 until GE completes the worldwide divestiture of its Water & Process Technologies business (GE Water). GE agreed to divest GE Water to resolve the Department’s competitive concerns with GE’s acquisition of Baker Hughes Incorporated. As part of the original proposed settlement filed on June 12, 2017, GE committed to divest the worldwide assets of GE Water to SUEZ S.A., a leading global water and waste management company, by approximately the end of September 2017.

Justice Department Requires Divestitures In Order For Centurylink To Proceed With Its Acquisition Of Level 3 Communications

The Department of Justice announced today that it will require CenturyLink, Inc. and Level 3 Communications, Inc. to divest Level 3’s telecommunications networks in Albuquerque, Boise, and Tucson, and to offer long-term leases called indefeasible rights of use for dark fiber along 30 intercity routes in order for the companies to proceed with CenturyLink’s acquisition of Level 3.

Justice Department Requires Divestitures in Order for CenturyLink to Proceed with Its Acquisition of Level 3 Communications

The Department of Justice announced today that it will require CenturyLink, Inc. and Level 3 Communications, Inc. to divest Level 3’s telecommunications networks in Albuquerque, Boise, and Tucson, and to offer long-term leases called indefeasible rights of use for dark fiber along 30 intercity routes in order for the companies to proceed with CenturyLink’s acquisition of Level 3.

Justice Department Requires Divestiture Of SGL’s U.S. Graphite Electrodes Business In Order For SDK To Proceed With Its Acquisition Of SGL’s Global Graphite Electrodes Business

Showa Denko K.K. (SDK) will be required to divest SGL Carbon SE’s (SGL) entire U.S. graphite electrodes business in order for SDK to proceed with its proposed $264.5 million acquisition of SGL’s global graphite electrodes business.