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European Commissioner for Competition Mario Monti confirmed regulators plan to subject General Electric's $40.5 billion purchase of Honeywell International to a detailed competition review. While there are few competitive overlaps, EU's executive body and competition watchdog is concerned that GE's other businesses may allow it to further leverage its market power.
February 27, 2001 at 12:00 AM
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The original version of this story was published on Law.Com
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