General Electric/Everest VIT [2005] IECompA m05043 (15 July 2005)

General Electric/Everest VIT [2005] IECompA m05043 (15 July 2005)

The proposed acquisition does not raise competition concerns in the relevant market and is therefore compatible with Irish competition law.

Parties
Acquirer: General Electric Company; Target: Everest VIT, Inc.
Jurisdiction
Ireland
Judgment Date
15 July 2005
Procedural Posture
Merger Notification / Preliminary Investigation (phase 1)
Outcome
approved
Legal Topics
Merger Control, Acquisition, Industrial Equipment Sector

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Parties

General Electric Company

Acquirer

Everest VIT, Inc.

Target

Procedural Posture

Merger Notification / Preliminary Investigation (phase 1)

  1. 1 Whether the proposed acquisition of Everest VIT, Inc. by General Electric Company is compatible with competition law requirements in Ireland.

Ratio Decidendi

The proposed acquisition does not raise competition concerns in the relevant market and is therefore compatible with Irish competition law.

Court Disposition

approved

Orders

  • The acquisition of Everest VIT, Inc. by General Electric Company is approved.