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Antitrust Resources

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Antitrust Resources

Drawing on our vast deal and case experience, Shearman & Sterling has developed this Resources page, which provides a wide array of substantive and practical information on our antitrust and competition practice. Please review some of the informative materials we regularly publish as a value-added service to our clients, as well as information on upcoming events and details of recent activities and newsworthy items.

News

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Knauf’s $7 Billion Acquisition of USG

Shearman & Sterling acted as the M&A counsel to Gebr. Knauf KG in connection with its $7 billion acquisition of USG Corporation. The combined company will have global manufacturing and sales operations for gypsum wall board, ceiling products and fiberglass insulation with approximately 36,000 employees around the world.

Sale of SUSPA GmbH

Shearman & Sterling advised the shareholders of SUSPA GmbH on the sale of the company to Mr. Pascal Vanhalst. The transaction is expected to close at the end of June 2018.

Textron Inc.’s Tools & Test Acquisition by Emerson

Shearman & Sterling advised industrial conglomerate Textron on the sale of its Tools and Test Business (“Tools & Test”) to Emerson, a global technology and engineering company, for approximately $810 million.  The acquisition, joined with Emerson’s Ridge Tool Company, creates a global $1 billion professional tools business with the broadest offering for mechanical, electrical and plumbing contractors. The closing of the transaction is subject to the satisfaction of customary closing conditions, including the receipt of regulatory approvals.

Events

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Women General Counsel Roundtable

We are proud to host the inaugural conference for leading women general counsel and chief legal officers on June 14 in our New York office. The full-day event will include high-profile speakers from media, industry, government and non-profits, interactive presentations, and the chance to connect with colleagues who are leading and changing the legal landscape.

Publications

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United States Supreme Court Upholds Rejection of the Government’s Antitrust Challenge to American Express’ Merchant Contracts

On June 25, 2018, the U.S. Supreme Court, in a 5-4 decision by Justice Thomas, held that provisions in American Express Company’s (“American Express”) and its operating subsidiary’s contracts with merchants that restricted the ability of these merchants to steer customers to other credit or charge cards did not violate the Sherman Act. Ohio v. American Express Co., 585 U.S. __, slip op. at 1 (2018). The Court held that plaintiffs—the United States Department of Justice and the Attorneys General of several states—failed to satisfy their burden of proving anticompetitive effects in the relevant market under the rule of reason.