This is certainly not the first case in which a merger approved in one place hasn't gone through in the other. There was a case last year where the merger between two EU companies was approved here and blocked in the U.S.
More Quotes from Mario Monti:
This means at this stage we have some concerns about the proposed merger ... The formal decision of the second stage will be adopted before the end of this week,Mario Monti
We have no knowledge of any action GE may plan to take. GE has not contacted the EC that I'm aware of and there is no reason for them to do so,
Mario Monti
That statement was not addressed to the authors of political statements. I said that I deplore attempts to misinform the public and to /trigger/ political intervention. And there were such attempts.
Mario Monti
The commission is determined to intervene in cases where measures taken by undertakings jeopardize the proper functioning of the single market, ... Such measures constitute a very serious infringement of European competition rules and must be dealt with severely.
Mario Monti
Reference to the territory and total disregard for the nationality of the companies is of course the best guarantee that competition assessment remain just that and doesn't get affected by trade or other considerations.
Mario Monti
I don't believe we're seeing the beginning of a divergence. We have seen a partial divergence on this case.
Mario Monti
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