Antitrust Law Daily Wrap Up, ACQUISITIONS & MERGERS NEWS: EC approves electric, leather vehicle parts transaction, (Nov 24, 2014)
Organizations Mentioned:Everett Smith Group | Lear Corp.
The European Commission (EC) has cleared Lear Corp.’s proposed acquisition of Everett Smith Group. Lear Corp. manufactures vehicle seating and electrical distribution products, such as connectors, terminals, and wiring. Everett Smith supplies automotive leather products, such as door and instrument panels and seat covers. In approving the proposed transaction, the EC announced today that it concluded that the deal would not raise competition concerns, as the two companies’ activities do not horizontally overlap.
Companies: Everett Smith Group; Lear Corp.
News: AcquisitionsMergers