State Street/ IFIN [2007] IECompA m07026 (23 May 2007)

The proposed merger does not raise competition concerns in the relevant markets and is therefore cleared under Phase 1 review.

Parties: Acquirer: State Street Corporation; Target: Investors Financial Services Corp
Jurisdiction: Ireland
Judgment Date: 23 May 2007
Procedural Posture: Merger Notification / Phase 1 Clearance
Outcome: cleared
Legal Topics: Merger Notification, Financial Services, Fund Custody, Fund Administration

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State Street Corporation

Acquirer

Investors Financial Services Corp

Target

Merger Notification / Phase 1 Clearance

1 Whether the proposed merger would substantially lessen competition in the provision of fund custody and fund administration services in Ireland.

The proposed merger does not raise competition concerns in the relevant markets and is therefore cleared under Phase 1 review.

cleared

The proposed merger of State Street Corporation and Investors Financial Services Corp is cleared under Phase 1.