financetom
Business
financetom
/
Business
/
US sues KKR for allegedly avoiding antitrust scrutiny
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US sues KKR for allegedly avoiding antitrust scrutiny
Jan 14, 2025 9:47 AM

WASHINGTON, Jan 14 (Reuters) - The U.S. filed a civil

lawsuit on Tuesday against private equity firm KKR & Co ( KKR ),

"for repeatedly flouting the premerger antitrust review

process," alleging the company avoided antitrust scrutiny for at

least 16 deals from 2021 to 2022.

"Through document omissions, alterations, and failures to

report deals, KKR threatened the integrity of the (Antitrust)

Division's premerger reviews and, in some cases, obscured the

market impact of its deals and serial acquisitions," said

Justice Department official Doha Mekki.

In a related lawsuit filed against the DOJ in federal court

in Washington on Tuesday, KKR said, "After a sweeping

investigation that has spanned nearly three years - with which

KKR fully cooperated - the purported filing 'errors' the

Antitrust Division has identified are trivial."

"Not a single alleged 'error' was material to or interfered

with any merger review," KKR added.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Oil eases on possible Gaza ceasefire, dollar strength
Oil eases on possible Gaza ceasefire, dollar strength
Mar 21, 2024
SINGAPORE (Reuters) -Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices. Brent crude futures fell 42 cents, or 0.5%, to $85.36 a barrel by 0203 GMT. U.S. crude futures shed 40 cents, or 0.5%,...
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Mar 21, 2024
BOGOTA, March 21 (Reuters) - The Reficar oil refinery belonging to Colombia's Ecopetrol was awarded 19.9% of the common capital in infrastructure firm McDermott in preferential shares by a judge in Amsterdam, Ecopetrol said in a statement on Thursday. The refinery is located in the Colombian city of Cartagena. ...
Meta's Instagram down for thousands, Downdetector shows
Meta's Instagram down for thousands, Downdetector shows
Mar 21, 2024
March 21 (Reuters) - Meta Platforms's ( META ) Instagram was down for thousands of users on Thursday, according to outage tracking website Downdetector.com. ...
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Mar 21, 2024
(Reuters) -Luggage maker Samsonite International ( SMSOF ) on Friday said it plans to pursue a dual listing in addition to its listing on the Hong Kong Stock Exchange to increase the liquidity of its shares and reach investors in more markets. Samsonite ( SMSOF ) did not provide details of the exchanges it is considering for the second listing,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved