Bank of America/LaSalle [2007] IECompA m07066 (13 December 2007)
The proposed acquisition does not raise competition concerns and is therefore cleared under Phase 1 review.
- Parties
- Acquirer: Bank of America Corporation; Target: LaSalle Bank Corporation
- Jurisdiction
- Ireland
- Judgment Date
- 13 December 2007
- Procedural Posture
- Merger Notification / Phase 1 Clearance
- Outcome
- Cleared (Phase 1)
- Legal Topics
- Merger Control, Financial Services Sector
Case Brief
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Parties
Bank of America Corporation
Acquirer
LaSalle Bank Corporation
Target
Procedural Posture
Merger Notification / Phase 1 Clearance
Legal Issues
- 1 Whether the proposed acquisition of LaSalle Bank Corporation by Bank of America Corporation would substantially lessen competition in any market in Ireland
Ratio Decidendi
The proposed acquisition does not raise competition concerns and is therefore cleared under Phase 1 review.
Court Disposition
Cleared (Phase 1)
Orders
- The proposed acquisition by Bank of America Corporation of LaSalle Bank Corporation is approved without conditions.
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