Brussels, 11/05/2009 (Agence Europe) - On Thursday 7 May, the European Commission authorised Magna International from Canada to acquire the Czech-based operations of bankrupt U.S. rival Cadence Innovation LLC. After examining the transaction, the Commission concluded that it would not significantly impede competition in the European Economic Area (EEA) or any substantial part of it.
The Council's Regulation 4064-89 of 21 December 1989 was amended by the 30 June 1997 regulation and organises...