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Canada OKs WESCO’s $4.5B Anixter Deal With Divestments

 |  August 9, 2020

Canada’s Competition Bureau has ordered Wesco to divest its local utility and data communications divisions to address the enforcer’s concerns that its €3.8 billion (US$4.5 billion) tie-up with Anixter would eliminate competition from two national markets.

After a comprehensive review, the Bureau concluded that this transaction would likely have significantly lessened competition in these markets by eliminating the rivalry between WESCO and Anixter, resulting in higher prices and lower quality of service to a large extent. number of customers, including contractors, utility providers, cable companies and telecommunications service providers.

In order to resolve the Bureau’s concerns, the consent requires WESCO to divest itself of its data communications products and utilities divisions. The corrective action affects thousands of customer accounts, inventories, key personnel, branches, and relationships with major manufacturers.

Full Content: News Wire

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Norton Rose Adds Antitrust Partners in Italy Norton Rose Adds Antitrust Partners in Italy

Norton Rose Adds Antitrust Partners in Italy

 |  January 20, 2025

Norton Rose Fulbright has announced the addition of two seasoned professionals, Veronica Pinotti and Martino Sforza, to its antitrust and competition practice in Milan. According to a statement released by the firm on Monday, both lawyers have joined as partners, bringing a wealth of expertise in various facets of competition law.

Martino Sforza’s practice focuses on a range of areas, including consumer protection, data privacy, and regulated markets, in addition to his extensive work in antitrust matters. His broad experience makes him a valuable addition to the firm’s Milan office.

Veronica Pinotti, also joining from White & Case, specializes in advising clients on complex legal matters involving joint ventures, mergers and acquisitions, cartels, and abuse of dominance. She is also highly experienced in navigating state aid issues and regulatory concerns.

Source: Bloomberg