Illumina offices. Credit: Rick Starkman/Illumina EU Top Court OKs Commission's Expanded Merger Control Approach in Illumina Decision
The Luxembourg court ruled against the U.S. pharmaceutical company Illumina in what had been seen as a legal test for a new merger control approach that has significantly widened EU competition authorities' powers to scrutinize and block merger deals.
July 14, 2022 at 02:35 PM
2 minute read
One of Europe's highest courts on Wednesday gave its blessing to a new merger control approach adopted by the European Commission in March of last year with the aim of curbing killer acquisitions, particularly in the pharma and tech industries.
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