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Topic: Monopolies and Mergers Commission

	Monopolies and Mergers Commission - Search Results - MSN Encarta
		Monopolies and Mergers Commission, agency in Britain charged with investigating and reporting on monopolies and monopolistic conditions in business....
		Mergers are often accomplished to revive failing businesses, to reduce competition, or to diversify production.
		Efforts to organize an industry in order to achieve practical monopoly control take different forms.
	encarta.msn.com /Monopolies_and_Mergers_Commission.html (113 words)

	Monopolies and Mergers
		In the United Kingdom, policy towards monopolies and mergers is enforced by the Competition Commission (CC) – formerly (up to 1999) the Monopolies and Mergers Commission (MMC).
		The CC was first established (as the Monopolies and Restrictive Practices Commission) in 1948, but its present responsibilities are set out in the 1973 and 1998 Competition Acts.
		If a merger has been completed and is found to operate against the public interest, an order may provide for the division of a company by the sale of some of its assets.
	www.capdm.com /demos/gi/gi/GI0307.html (1866 words)

	House of Commons Hansard Debates for 25 Jan 1989
		That the draft Monopolies and Mergers Commission (Performance of Functions) Order 1988, which was laid before this House on 26th October 1988, in the last Session of Parliament, be approved.
		Proposed mergers are sometimes abandoned soon after they are referred to the MMC and often that is before the inquiry group is set up.
		Mergers and takeovers are defensive manoeuvres which are of no benefit to the competitiveness of British industry.
	www.parliament.the-stationery-office.co.uk /pa/cm198889/cmhansrd/1989-01-25/Debate-16.html (7202 words)

	[No title]
		MMC will carry out a detailed investigation, in an attempt to establish whether or not the firms are acting competitively.¡óª ¨ Sometimes MMC will recommend price cuts.
		MMC is purely an advisory body whose role is to investigate cases cases of suspected abuse of monopoly power and make recommendations to the Secretary.óª ¨÷In UK monopoly policy, it is not presumed that the mere possession of power is detrimental.
		The specified mergers must be notified to European Commission within one week of their announcement - suspended for 3 weeks - within one month of notification, the commission will decide whether to conduct a formal investigation or not.ó ª ¨æEU legislations on merger control are very rapid and administratively inexpensive.
	www.busmgt.ulst.ac.uk /modules/eco710j1/lec7.ppt (552 words)

	United Newspapers PLC and Fleet Holdings PLC: report on the proposed transfer of Fleet Holdings PLC to United ...
		A Monopolies and Mergers Commission inquiry into the proposed transfer of certain newspapers, currently under the proprietorship of Fleet Holdings PLC (Fleet), to United Newspapers PLC (United).
		In particular, the Commission is charged with investigating whether the proposed transfer operates against the public interest; the need for accurate presentation of the news and free expression of opinion being paramount.
		The Commission concludes that the transfer of the newspapers of Fleet to United may be expected not to operate against the public interest.
	www.bopcris.ac.uk /bopall/ref21569.html (258 words)

	Competition Commission - Wikipedia, the free encyclopedia
		The Competition Commission is an independent body responsible for investigating mergers, market shares and conditions and the regulation of United Kingdom companies.
		The Commission replaced the Monopolies and Mergers Commission on April 1 1999.
		For mergers the Commission will be asked to investigate if the takeover target has a turnover above a certain threshold or if the resulting company would have 25% or more of a market, i.e.
	en.wikipedia.org /wiki/Monopolies_and_Mergers_Commission (306 words)

	Statutory Instrument 1999 No. 506
		In the House of Commons Disqualification Act 1975[9] in Part II of Schedule 1 (bodies of which all members are disqualified) repeal the entry for the Monopolies and Mergers Commission.
		In the Northern Ireland Assembly Disqualification Act 1975[10] in Part II of Schedule 1 (bodies of which all members are disqualified) repeal the entry for the Monopolies and Mergers Commission.
		In the Patents Act 1977[11] in sections 51(1) (powers exercisable in consequence of report of MMC) and 53(2) (statements in reports to be prima facie evidence) for "Monopolies and Mergers Commission" in each place where it occurs substitute "Competition Commission".
	www.opsi.gov.uk /si/si1999/19990506.htm (2150 words)

	Hampshire County Council
		(A copy of the Monopolies and Mergers Commisssion's letter is attached.) 2 The Monopolies and Mergers Commission requested the County Council's comments by 16th March 1990 and it is, therefore, only possible to report this matter to the Sub-Committee retrospectively.
		3 The background to the merger of Southdown and Portsmouth CityBus is complicated and the impact on passengers in Portsmouth, and on the County as tendering authority is still being assessed.
		A summary of officers' views of the merger would be that in the short term the passenger will benefit from the inter-availability of ticketing and marketing that a 'near monopoly' can provide, but there may be fears over longer term increases in subsidy required to maintain services and possible decreases in service provision.
	www.hants.gov.uk /scrmxn/c3709.html (413 words)

	The Monopolies and Mergers Commission (Performance of Functions) Order 1989
		This Order may be cited as the Monopolies and Mergers Commission (Performance of Functions) Order 1989 and shall come into force on the day after the day on which it is made.
		Part II permits the chairman of the Commission to issue a direction enabling the Commission to perform their functions in relation to any investigation through a group of members of the Commission.
		Section 75(5) provides for the Commission to seek the Secretary of State's consent to the laying aside of a merger reference made under section 75 where it appears to them that the proposal which is the subject of the reference has been abandoned.
	www.opsi.gov.uk /si/si1989/Uksi_19890122_en_1.htm (840 words)

	Mark Dolan The future of the public house industry is more dependent on Government Intervention in the United Kingdom (Site not responding. Last check: 2007-11-07)
		Due to mergers and forced sales as a result of the MMC report, this number has been halved and the new major pub companies such as Pubmaster, Enterprise Inns and the Grand Pub Company now operate a similar number of public houses to the remaining major brewers (Sargent and Lyle).
		The general consensus relating to this matter was that the objectives of the MMC report were not successfully met and as a result the exact opposite to what was originally intended has been achieved.
		The recently announced review of the MMC Report (1989) by the OFT highlights the concern which emanates regarding the questionable involvement of breweries in the public house sector and their affects on the competitiveness of the industry.
	www.brookes.ac.uk /schools/rem/dissertations/2000/mark_dolan.html! (12511 words)

	The Monopolies and Mergers Commission (Increase in Membership) Order 1989
		This Order may be cited as the Monopolies and Mergers Commission (Increase in Membership) Order 1989 and shall come into force on 1st September 1989.
		The maximum number of regular members of the Monopolies and Mergers Commission is hereby increased to fifty.
		It increases the maximum number of regular members of the Monopolies and Mergers Commission from 32 to 50.
	www.opsi.gov.uk /si/si1989/Uksi_19891240_en_1.htm (452 words)

	Manchester United
		The function of the MMC is to consider the possible effects of the deal with respect to competition in the broadcasting market and wider public interest matters.
		The Mergers and Monopolies Commission could ignore the advice but it is likely to take their views on the matter seriously.
		Everything will rest on the determinations of both the television contract and the MMC report on the takeover that is not due until the end of March.
	www.sportsjones.com /manchester2.htm (1285 words)

	Watchdog 'rejects Man Utd takeover by BSkyB'
		BSKYB'S attempt to gain control of Manchester United is believed to have been turned down by the Monopolies and Mergers Commission.
		According to sources close to the Department of Trade and Industry, the commission has ruled that BSkyB's £623 million agreed takeover is not in the public interest.
		Submissions to the commission are believed to have raised serious doubts about whether such undertakings could be sustained when the shape of broadcasting is changing so rapidly.
	telegraph.co.uk /htmlContent.jhtml?html=/archive/1999/03/17/nutd17.html (433 words)

	A Catalogue of the Papers of the Trades Union Congress
		Includes correspondence with Monopolies and Mergers Commission, press releases by Office of Fair Trading, TUC internal papers concerning the brick industry, Monopolies and Mergers Commission report on the brick industry, note of a Monopolies and Mergers Commission hearing with TUC concerning proposed merger of Amalgamated Industrials and Herbert Morris.
		Includes corresponence and press notices concerning merger policy and wholesaling of newspapers and periodicals, note of a Monopolies and Mergers Committee meeting with representatives of the TUC concerning the Gas Appliances Inquiry (22 September 1978).
		Includes correspondence, press notices and memoranda on various proposed mergers, TUC research memorandum on the proposed takeover of Anderson Strathclyde by Charter Consolidated Plc, note of Monopolies and Mergers Commission meeting with TUC representatives concerning the Gus/Empire Inquiry (3 November 1982).
	www.warwick.ac.uk /services/library/mrc/ead/292d0300.htm (2367 words)

	Extended Warranties, Part Four: Extended Warranties in the UK, 10 March 2003
		The Competition Commission, which replaced the Monopolies and Mergers Commission four years ago, carries out inquiries into matters referred to it by the other UK competition authorities concerning monopolies, mergers and the economic regulation of companies.
		The CC added in section 3.20 of its letter that the retailers' monopoly on the offering of extended warranties was in fact making it difficult for manufacturers to boost the term of their basic warranties from one to two years or longer.
		The OFT commissioned a survey of 2,000 heads of household and found that 85 percent had no idea about the different level of risk between an insured plan and one self-financed by a retailer.
	www.warrantyweek.com /archive/ww20030310.html (4916 words)

	Britain will look into PacifiCorp deal (Site not responding. Last check: 2007-11-07)
		PacifiCorp said its bid, worth $9.6 billion including assumption of debt, was on hold pending the review by the Monopolies and Mergers Commission.
		Industry analysts said the latest delay does not mean the deal was off but shows that the government is going to be less tolerant of foreign takeovers.
		After a surge in U.S. mergers about three years ago, lengthy FERC reviews, sometimes lasting two years or more, have stifled the trend, analysts said.
	www.chron.com /content/chronicle/business/97/08/02/pacificorp.2-0.html (511 words)

	Competition Commission (CC) \| Reckon LLP
		The Competition Commission conducts inquiries under the Enterprise Act 2002 and some privatisation/regulation statutes, and determines energy code appeals under the Energy Act 2004.
		It and its predecessor, the Monopolies and Mergers Commission, previously conducted inquiries under the Fair Trading Act 1973.
		The Monopolies and Mergers Commission succeeded the Monopolies Commission, which succeeded the Monopolies and Restrictive Practices Commission.
	www.reckon.co.uk /tags/cc (293 words)

	Hampshire County Council
		The Monopolies and Mergers Commission report was presented to the Secretary of State for Trade and Industry on 21st May and the result of the inquiry was published on 12th July.
		2 Following the publication of the Monopolies and Mergers Commission's report and the Secretary of State for Trade and Industry's comments, a summary of the report was circulated to Members of the Sub-Committee.
		The merger of Portsmouth CityBus and Southdown has started to stabilise the market and much of the confusion which resulted from intense competition is disappearing.
	www.hants.gov.uk /scrmxn/c4723.html (490 words)

	Alexander's Gas & Oil Connections - Confusion and dismay reigning in UK gas supply
		Energy Minister John Battle referred to the "shambles and confusion" that has reigned in the run-up to full competition in both the gas and electricity industries, and the affair now looks set to be referred to the Monopolies and Mergers Commission (MMC).
		Some 4.5 million households in the UK already have a choice of gas supplier, and consumers across the country were looking forward to the opportunity to shop around in May or June this year.
		But Centrica Plc's British Gas, the former monopoly supplier which stands to lose most from new competition, is calling foul, because many of the new entrants are affiliates of public electricity suppliers (PESs) who still enjoy monopolies in their own franchise regions.
	www.gasandoil.com /goc/news/nte81161.htm (497 words)

	Juris Publishing Catalog - Mergers & Acquisitions and Joint Ventures (Site not responding. Last check: 2007-11-07)
		The general subject is the antitrust or competition law analysis of mergers, acquisitions and joint ventures which is a subject of increasing importance.
		As an official in the Directorate General IV (Competition) of the European Commission, he was in charge of the application of the competition rules in the telecommunications sector.
		Mergers Outside the Scope of the New Merger Regulation - Implications of the Philip Morris Judgment
	www.jurispub.com /books.asp?id=216 (1131 words)

	Outlook: Everyone loses face in battle of the tour operators Independent, The (London) - Find Articles (Site not responding. Last check: 2007-11-07)
		Also on Mr Crossland's "highly experienced team" of competition advisers were Roger Davis, a former member of the Monopolies and Mergers Commission, John Swift QC, sometimes labelled Britain's "top" competition lawyer, and Lexecon, described by Airtours with customary exaggeration as "a leading economics consultancy".
		In the event, it was referred to the Monopolies and Mergers Commission.
		The Competition Commission could scarcely have reached a different conclusion, but at least it would have been a more credible and transparent one.
	www.findarticles.com /p/articles/mi_qn4158/is_19990923/ai_n14240667 (689 words)

	Competition Commission - Government Legal Service GLS Graduate Trainee Qualified
		It replaced the Monopolies and Mergers Commission on 1 April 1999.
		Every inquiry is undertaken in response to a reference made to it by another authority: usually by the Office of Fair Trading (OFT) but in certain circumstances the Secretary of State, or by the regulators under sector-specific legislative provisions relating to regulated industries.
		The lawyers are expected to have knowledge and experience of administrative law and competition law, advising on procedural issues and also on the substance of the economic and legal analysis.
	www.gls.gov.uk /about/departments/compcomm.htm (331 words)

	NERA Economic Consulting \| Event
		In the end, a narrow economic analysis by the Monopolies and Mergers Commission blocked the deal.
		In a similar controversy, in 2000 the then biggest merger in history united new media AOL and old media Time Warner, with a proposed merger of Warner Music and EMI music as a sideshow.
		Drawing on these and other case studies, Dr. Williams reviewed the increasing role of competition authorities in determining what deals are attempted; the set of bidders who elect to take part in each takeover auction, with implications for the price generated in the auction; and the eventual allocation of corporate control.
	www.nera.com /Event.asp?e_ID=2371 (468 words)

	London Brick PLC and Ibstock Johnsen PLC: report on the proposed merger
		This is the Monopolies and Mergers Commission investigation into the proposed merger between London Brick PLC and Ibstock Johnsen PLC.
		In addition, ten oral hearings were held with the following: two each with London Brick and Ibstock, and others with the Royal Institute of British Architects, the National Federation of Building Trade Employers, the TUC and individual trade unions, and some manufacturers and merchants.
		The Commission's report is divided into the following chapters: (1) introduction; (ii) market for building bricks; (iii) Ibstock Johnsen PLC; (iv) London Brick PLC; (v) views of the main parties; (vi) views of third parties; and (vii) conclusion.
	www.bopcris.ac.uk /bopall/ref21545.html (225 words)

	BBC News \| The Company File \| Supermarkets face monopolies probe
		Now the OFT has written to the leading supermarket chains indicating that virtually the whole of the £87bn a year industry is likely to be subject of a much more detailed and wide ranging investigation by the Monopolies and Mergers Commission (MMC).
		The MMC will have to determine whether the supermarkets are operating against the consumer interest by charging too much.
		If the matter is indeed referred to the MMC is will cast a cloud over food retailing industry - depressing share prices and deterring mergers and acquisitions for some time.
	news.bbc.co.uk /1/hi/business/the_company_file/304237.stm (511 words)

	RADIO AUTHORITY NOTES MONOPOLIES AND MERGERS COMMISSION REPORT INTO PROPOSED (Site not responding. Last check: 2007-11-07)
		In the President of the Board of Trade's statement accompanying the publication of the MMC report Mrs Beckett made it clear that since the acquisition had been overtaken by an alternative deal she would not make a final determination.
		The Authority has noted the definition of radio as a separate market which is set out in the MMC report in respect of national advertising and in the London area.
		The Radio Authority is responsible for licensing and regulating Independent Radio in accordance with the statutory requirements of the Broadcasting Acts 1990 and 1996 It plans frequencies awards licences regulates programming and advertising and plays an active role in the discussion and formulation of policies which affect the Independent Radio industry and its listeners.
	www.ofcom.org.uk /static/archive/rau/newsroom/news-release/98/pr10.htm (314 words)

	UK Productivity Measurement Study Group (UK - PMSG)
		The Committee is pleased to announce that Professor Maurice Shutler, formerly Chief Industrial Advisor to the Monopolies and Mergers Commission in the UK has agreed to give the inaugural talk of the Study Group.
		With the advent, of the Audit Commission, privatisation and regulation in the 80's, and the parallel theoretical developments of methods for productivity measurement, most notably DEA, there has been a step change in both scope and depth of Productivity Measurement.
		Interestingly, the sophisticated productivity measures carried out by OFWAT had been preceded a decade or so earlier by simpler studies by the Monopolies and Mergers Commission of the productivity of the then statutory water companies.
	www.deazone.com /ukpmsg (1721 words)

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