Antitrust Law Daily Wrap Up, WORTH NOTING—Other Antitrust and Trade Regulation developments, (Aug 25, 2016)
Organizations Mentioned:Blackstone Group L.P. | Blackstone Group, LP | McKesson Corp. | Microtime Inc.
A periodic roundup of other items of interest to the Antitrust and Trade Regulation community.
ANTITRUST NEWS: A former director of information technology company Microtime Inc. has pleaded guilty to bid rigging charges relating to the supply of professional information technology services to Library and Archives Canada, the Canada Competition Bureau announced yesterday. Under the plea agreement, the second as a result of the investigation, Linda Graham committed to speaking out about her role in the conspiracy to raise awareness about antitrust compliance. She also was sentenced to an 18-month conditional sentence, with the first six months to be served under house arrest. Graham was also fined $20,000 and ordered to perform 90 hours of community service, according to the agency. The first plea resulting from the investigation against another Microtime employee, Stephen Forgie, was announced in May.
ACQUISITIONS & MERGERS NEWS: A joint venture between McKesson and Blackstone that is intended to serve the health care information technology services sector has been approved by the European Commission (EC). The EC announced today that the joint venture will not be challenged because of its negligible activities in Europe. McKesson is a provider of ethical and proprietary drugs and equipment, health and beauty care products. Blackstone is a global alternative asset manager and provider of financial advisory services, according to the announcement.
Companies: Blackstone Group L.P.; McKesson Corp.; Microtime Inc.
News: AcquisitionsMergers Antitrust