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The European Court of First Instance ruled Tuesday that the European Commission was wrong to have blocked MCI WorldCom's $127 billion acquisition of Sprint a day after the companies withdrew their original merger notification. Besides vindicating MCI on one aspect of its multipronged appeal, the case could have broad implications for other merger cases by clarifying the circumstances under which firms can modify a notification once the clock on a commission case has started ticking.
September 29, 2004 at 12:00 AM
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The original version of this story was published on Law.Com
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