Bank of America / MBNA [2005] IECompA m05057 (9 September 2005)
The merger of MBNA into Bank of America does not raise competition concerns and is cleared after Phase 1 investigation.
- Parties
- Acquirer: Bank of America Corporation; Target: MBNA Corporation; Other: Suttons Limited; Other: Dairygold Trading Ltd
- Jurisdiction
- Ireland
- Judgment Date
- 09 September 2005
- Procedural Posture
- Merger Notification / Preliminary Investigation (phase 1)
- Outcome
- merger cleared
- Legal Topics
- Merger Notification, Financial Services Sector, Media Merger
Case Brief
Summary, issues, holding and outcome
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Parties
Bank of America Corporation
Acquirer
MBNA Corporation
Target
Suttons Limited
Other
Dairygold Trading Ltd
Other
Procedural Posture
Merger Notification / Preliminary Investigation (phase 1)
Legal Issues
- 1 Whether the proposed merger of MBNA into Bank of America would substantially lessen competition in the relevant markets.
Ratio Decidendi
The merger of MBNA into Bank of America does not raise competition concerns and is cleared after Phase 1 investigation.
Court Disposition
merger cleared
Orders
- The proposed merger is approved and may proceed.
Full Case Text
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