EU and US clash over GE-Honeywell merger ban
Competition Commissioner Mario Monti was seriously attacked by a senior US antitrust official for banning General Electric's proposed merger with Honeywell. The clash, which took place at an international antitrust conference at the Paris headquarters of the Organisation for Economic Cooperation and Development, underlines growing tensions between the two blocs over antitrust regulation.
Competition Commissioner Mario Monti was seriously attacked by a senior US antitrust official for banning General Electric’s proposed merger with Honeywell. The clash, which took place at an international antitrust conference at the Paris headquarters of the Organisation for Economic Cooperation and Development, underlines growing tensions between the two blocs over antitrust regulation.
