Bank of America/LaSalle [2007] IECompA m07066 (13 December 2007)

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

  1. 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.