WASHINGTON, March 30 The U.S. Justice Department said on Thursday it will require Smiths Group Plc to divest Morpho Detection LLC and Morpho Detection International LLC's global explosive trace detection business for Smiths to proceed with its proposed $710 million acquisition of Morpho from Safran SA.
The Justice Department’s Antitrust Division filed a civil antitrust lawsuit Thursday in the U.S. District Court for the District of Columbia to block the proposed transaction, the department said in a statement. The department also filed a proposed settlement that, if approved by the court, would resolve the department’s competitive concerns, the statement said. (Reporting by Eric Beech)
UPDATE 1-Japan's Q3 aluminium premium eases to $118-119/T - sources
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UPDATE 1-Charter, Comcast explore wireless partnership with Sprint-sources
June 26 U.S. wireless carrier Sprint Corp is in talks with Charter Communications Inc and Comcast Corp about a partnership to boost the two U.S. cable companies' wireless offerings, according to sources familiar with the matter.