Financial adviser to examine Microsoft break-up?
Published:
9 December 1999 y., Thursday
The Justice Department_s decision to retain a New York investment firm is a clear sign the government would like to break up Microsoft, legal experts say. The government Thursday tapped Greenhill & Co., a specialist in mergers and acquisitions, to advise on possible remedies in the landmark antitrust trial. While Justice Department spokesperson Gina Talamona said Greenhill & Co. would assist in "a full range of possible remedies," which include "conduct and structural relief," antitrust experts contend there is only one reason to retain the firm: divestiture proposals. "The principal reason you would ask them to come in would be to design a structural remedy, in particular how do you restructure a company and minimize its impact on the firm, to capital markets, for shareholders, and for employees," said George Washington University Law School professor Bill Kovacic said. The government would not retain a firm specializing in mergers, acquisitions and divestiture to "propose conduct-related remedies," Kovacic said.
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
A specific EU budget line for the new EU stabilisation mechanism should be created as soon as possible, to ensure its credibility, Council, Commission and Parliament negotiators agreed at a three-way meeting on Wednesday.
more »
New EU rule will help phone-users avoid astronomical bills for web-surfing and downloads abroad.
more »
The Communication approved today by the Commission builds on the principles presented on 12 May to reinforce the economic governance in the European Union.
more »
Eurostat report just published shows that the crisis has brought some lower taxes.
more »
New legislation is needed to ensure fair returns to farmers and transparent prices to consumers, by enforcing fair competition throughout the food supply chain, said Agriculture Committee MEPs on Monday.
more »
Fish imports play a crucial role in supplying the European market, yet fisheries and aquaculture are strategic sectors that do not lend themselves to a purely free-trade approach, believes the EP Fisheries Committee.
more »
I will support every proposal that strengthens cooperation among the European Union's Member States and serves Lithuania's interests," President of the Republic of Lithuania Dalia Grybauskaitė said at the meeting with EU Member States' ambassadors resident in Lithuania.
more »
The fourth World Lithuanian Economic Forum “High tech innovation & investment: local to global” will start in London on 22 June.
more »
Lithuania aims for the five Nordic countries and three Baltic States to become single community of values, which would be linked by a versatile quality of democracy, security and everyday life.
more »
MEPs decided on Wednesday to create a special committee to prepare for the EU's next long-term budgetary framework.
more »