Andrew Finch

US Orders GE To Offload Unit To Win Approval For Oil Deal

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US antitrust regulators on Monday ordered General Electric to divest one of its units in order to win approval for the merger of its oil services business with Baker Hughes. Without the sale, the proposed merger would threaten competition in the petroleum refining business where the two companies compete vigorously, the Justice Department said. Both … Read more

John Deere Drops Merger Plan With Monsanto Unit

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US farm equipment giant John Deere has dropped plans to acquire a unit of Monsanto amid concerns the merger would be challenged by regulators. Deere & Company had announced in November 2015 its plan to purchase Precision Planting LLC, a company owned by Climate Corporation, a subsidiary of Monsanto. But competition authorities filed a complaint … Read more