Inside these posts: Mergers

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Aug. 27, 2010 at 6:05 p.m.
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Filed under: Airlines, Airplanes, Airports, Labor, Litigation, M&A, Transportation, Travel, Unions, Updated

Justice Department OKs United-Continental merger

By Julie Johnsson

Passengers at the United and Continental kiosks at O'Hare International Airport, May 3, 2010. (AP Photo/Charles Rex Arbogast)

The Justice Department approved the proposed merger of United and Continental airlines Friday, closing an unexpectedly speedy four-month investigation that paves the way for the mega-deal to close by Oct. 1.

To win the blessing of federal antitrust regulators, United and Continental agreed to lease slots for 18 round-trip flights to Southwest Airlines at Newark Liberty International Airport, beginning in March 2011.

Justice officials said the slot transfer was struck in “response to the department’s principal concerns” regarding the merger, which critics have warned will speed consolidation and eventually leave the three largest U.S. carriers with a lion’s share of the market. Get the full story »

June 29, 2010 at 4:05 p.m.
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Filed under: Law firms, M&A

Mayer Brown calls off courtship in London

By Ameet Sachdev

Mayer Brown, in response to recent published reports that it was discussing a possible merger in London, acknowledged Tuesday that it has had preliminary talks with English firm Simmons & Simmons. But the Chicago law firm said the discussions have ended without any agreement.

In a joint statement, the two firms said, “Mergers are complex and present a number of issues which need to be resolved before discussions can proceed.  We have concluded that a combination between our firms is not the right option.” Get the full story »

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