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CPB - Campbell Soup Co News Story

$47.23 0.4  0.9%

Last Trade - 5:55pm

Consumer Defensives
Large Cap
Market Cap £11.09bn
Enterprise Value £14.34bn
Revenue £6.82bn
Position in Universe 576th / 6400

EU mergers and takeovers (Oct 28)

Mon 28th October, 2013 4:01pm
BRUSSELS, Oct 28 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- Private equity firm CVC Capital Partners to buy some of Campbell Soup Co's  CPB.N  brands (approved Oct. 25) NEW LISTINGS None EXTENSIONS AND OTHER CHANGES None FIRST-STAGE REVIEWS BY DEADLINE OCT 29 -- Dutch dredger Boskalis  BOSN.AS  and investment company Reggeborgh to acquire joint control of subsea power cables supplier Visser & Smit Marine Contracting B.V. which is now solely controlled by Reggeborgh (notified Sept. 24/deadliine Oct. 29) NOV 4 -- Private investment firm TPG and CaixaBank S.A. to set up a property joint venture by acquiring the business of CaixaBank unit Servihabitat (notified Sept. 27/deadline Nov. 4/simplified) NOV 5 -- Switzerland-based INEOS and Belgian chemicals company Solvay  SOLB.BR  to form a joint venture (notified Sept. 16/deadline extended to Nov. 5 from Oct. 21 after Solvay offered concessions) -- British telecoms operator Vodafone  VOD.L  to buy a minority stake in Vodafone Omnitel N.V. from U.S. peer Verizon Communications Inc  VZ.N  (notified Sept. 30/deadline Nov. 5/simplified) NOV 6 -- South African furniture retailer Steinhoff International Holdings  SHFJ.J  to acquire electrical appliances retailer Rudolf Leiner Gesellschaft m.b.H. and LKM Beteiligungsgesellschaft m.b.H. (notified Oct. 1/deadline Nov. 6/simplified) -- Hutchison 3G UK  0013.HK  to acquire Telefonica Ireland, a unit of Spanish telecoms provider Telefonica  TEF.MC  (notified Oct. 1/deadline Nov. 6) NOV 12 -- U.S. maker of scientific and laboratory equipment Thermo Fisher Scientific  TMO.N  to buy genetic testing equipment maker Life Technologies  LIFE.O  (notified Oct. 7/deadline Nov. 12) NOV 14 -- Japanese trading house Mitsui & Co  8031.T , Iskandar Investment Berhad (IIB) which is majority owned by Malaysian state investor Khazanah Nasional Berhad  KHAZA.UL , and investment company UWI Capital One to acquire joint control of Medini Iskandar Malaysia Sdn Bhd, which is now jointly controlled by IIB and UWI (notified Oct. 9/deadline Nov. 14/simplified) NOV 18 -- U.S. asset management fund Ares Management LLC and Canada's Ontario Teachers Pension Plan Board to acquire joint control of U.S. building products company CPG International LLC, which is now solely controlled by Ares (notified Oct. 11/deadline Nov. 18/simplified) -- Norwegian telecoms operator Telenor  TEL.OL  to take a stake in a venture owned by Norwegian publishing house Schibsted SBST.OL  and Singapore Press Holdings, and also to set up a joint venture with Schibsted focusing on South American business (notified Oct. 11/deadline Nov. 18/simplified) -- Parkwind, which is an investment vehicle of Belgian supermarket chain Colruyt Group  COLR.BR , and special purpose vehicle Summit Renewable Energy, which is owned by Japan's Sumitomo Corp  8053.T , to acquire joint control of wind farm operator Belwind 1, which is now solely owned by Summit Renewable Energy (notified Oct. 11/deadline Nov. 18/simplified) -- French luxury goods company LVMH  LVMH.PA  to buy an 80 percent stake in Italian luxury cashmere clothing brand Loro Piana (notified Oct. 11/deadline Nov. 18/simplified) NOV 21 -- Czech energy company EPH to acquire Slovakian power distributor Stredoslovenska Energetika (SSE) from French state-controlled utility EDF  EDF.PA  (notified Oct. 15/deadline Nov. 21) NOV 25 -- Private equity investor 3i Group to acquire sole control of ferry operator Scandferries Holdings which is now jointly controlled by 3i and ACP Affiliates (notified Oct. 18/deadline Nov. 25/simplified) NOV 26 -- U.S. bank Goldman Sachs  GS.N  to acquire sole control of British motor insurer Hastings Insurance Group (notified Oct. 21/deadline Nov. 26/simplified)  NOV 27 -- Japan's Suntory Beverage & Food Ltd  2587.T  to buy British drugmaker GlaxoSmithKline Plc's  GSK.L  Lucozade and Ribena brands (notified Oct. 22/deadline Nov. 27) NOV 29 -- French industrial group Schneider Electric  SCHN.PA  to buy British engineer Invensys  ISYS.L  (notified Oct 24/deadline Nov. 29) MARCH 10 -- Swiss cement maker Holcim  HOLN.VX  to buy some of Mexican peer Cemex's assets in Germany  CMXCPO.MX   CX.N  (notified Sept. 3/dateline extended to March 10 from Oct. 22 after the Commission opened an in-depth investigation into the deal) GUIDE TO EU MERGER PROCESS DEADLINES: The European Commission has 25 working days after a deal is  filed for a first-stage review. It may extend that by 10 working days to 35 working days, to consider either a company's proposed remedies or an EU member state's request to handle the case. Most mergers win approval but occasionally the Commission  opens a detailed second-stage investigation for up to 90  additional working days, which it may extend to 105 working  days. SIMPLIFIED: Under the simplified procedure, the Commission announces the clearance of uncontroversial first-stage mergers without giving any reason for its decision. Cases may be reclassified as non-simplified -- that is, ordinary first-stage reviews -- until they are approved. (Editing by Foo Yun Chee) (( Keywords: EU MERGERS/TAKEOVERS
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