Tuesday, August 21, 2007
Posted by D. Daniel Sokol
Eleanor Fox of NYU School of Law just posted her chapter in her forthcoming edited volume of Antitrust Stories (co-authored with Dan Crane) of the most contentious trans-Atlantic merger of all time, GE/Honeywell. Her chapter is titled GE/Honeywell: The U.S. Merger that Europe Stopped - A Story of the Politics of Convergence. Fox's description and analysis of this story is a real page turner and helps to shed light on a case that we continue to discuss as much for its political implications as for its antitrust analysis. To date, we have yet to see trans-Atlantic divergence since GE/Honeywell. However, the European Court of First Instance will issue its ruling on the Microsoft Case (due September 17) and we may see trans-Atlantic fireworks again. I will not speculate at the moment about the forthcoming Microsoft ruling but will note that there were some troubling elements to the initial EU Microsoft decision.