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An EU appeals court on Wednesday upheld the European Commission's 2001 veto of General Electric Co.'s aborted takeover of Honeywell International but criticized regulators for misjudging the merger's effects on some markets. Specifically, the Luxembourg-based Court of First Instance said regulators erred in their analysis of the merger's so-called conglomerate effects, such as the combination of GE's engines with Honeywell's avionics and nonavionics products.
December 15, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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