Articles Posted in DOJ Antitrust Highlights

On May 26, Intelsat Ltd. announced that it received clearance from the Department of Justice for its $6.4 billion cash-and-debt deal to buy rival PanAmSat Holdings Corp. Under the terms, Intelsat would pay $25 in cash for each share of PanAmSat and assume about $3.2 billion in debt. The Bermuda-based satellite communications company said last…

On May 23, the Department of Justice approved Precision Castparts Corp.'s $540 million cash acquisition of Special Metals Corp. Huntington, West Virginia based Special Metals is the world's biggest maker of nickel-based alloys and superalloys for forged products. Precision, based in Portland, Oregon, is one of Special Metals' customers and manufactures components for the aerospace,…

On May 23, Attachmate Corp. received clearance from the Department of Justice for its $495 million cash purchase of San Jose-based NetlQ Corp. The deal was announced in April. Seattle-based Attachmate is a privately held vendor of software used to link mainframes to PCs. The takeover removes ailing NetIQ from the ranks of publicly traded…

On May 22, Japan's Mitsubishi Electric Corp. announced that it is under investigation by the DOJ's Antitrust Division over its former DRAM chip operations' sales activities between 1998 and 2002.

On May 18, the DOJ approved computer chipmaker Applied Materials Inc.’s $303 million purchase of Applied Films Corp. of Longmont, Colo., which makes equipment for manufacturing flat-panel displays and solar cells, without issuing a second request. Andre Barlow

On May 17, the DOJ's Antitrust Division granted early termination to Sprint Nextel's acquisition of UbiquiTel, the exclusive provider of Sprint digital wireless mobility communications network products and services under the Sprint brand name to midsize markets in the Western and Midwestern United States. UbiquiTel and Sprint Nextel announced on April 20th that Sprint Nextel…

On May 15, the DOJ announced that David L. Meyer has been appointed to serve as the Deputy Assistant Attorney General in charge of civil enforcement for the Division. Meyer will oversee three of the Division's civil sections. Previously, Meyer served the Antitrust Division as Special Assistant to Assistant Attorney General Charles F. Rule from…

On May 12, the DOJ told the U.S. District Court for the District of Columbia that it is necessary to extend the term of certain portions of the Microsoft final judgment by at least two years. The DOJ said that an extension is necessary due to Microsoft's difficulty in improving the technical documentation it provides…

On May 11, the DOJ cleared KLA-Tencor Corp.'s acquisition of ADE Corp. KLA supplies integrated circuit manufacturers with equipment to manage their chip wafer fabrication process while ADE makes technology to detect defects in semiconductor wafers and computer disks. The deal was announced shortly after KLA announced it abandoned plans to buy August Technology Corp.

On May 9, Coherent Inc. announced that it received antitrust approval from the Antitrust Division to buy Excel Technology Inc. Coherent indicated that it received a second request on March 27th from Antitrust Division in connection with its antitrust investigation. Andre Barlow