Harris Corp. might have to hand over some intellectual property before the Department of Justice signs off on its Exelis Inc. acquisition.
Justice made the request for more information from Harris as part of its deliberations on granting antitrust clearance for the Exelis buy, expected to close in June.
“It specifically relates to IP and ownership rights for IP. It does not and we don’t believe it will require any divestiture of businesses or assets,” said Harris CEO William Brown.
Harris said Tuesday it expected to win antitrust approval for its planned acquisition of Exelis Inc. without having to make any asset disposals, and said the $4.6 billion deal is still slated to close in June.
Full content: The Wall Street Journal
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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
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