Notice given by Sabita Sub, Inc. and Symphony Teleca Corporation
Case brief
What is this about?
The Competition Commission of India approved the proposed combination involving the acquisition of Symphony by Harman. The Commission found no horizontal overlap and concluded the vertical relationship would not significantly harm competition.
What did the court decide?
Approval of the proposed combination under Section 31(1) of the Competition Act, 2002.
What the court decided
Fair Competition For Greater Good
COMPETITION COMMISSION OF INDIA
(Combination Registration No. C-2015/02/248)
18th March 2015
Notice under section 6(2) of the Competition Act, 2002 jointly filed by Sabita Sub, Inc. and Symphony Teleca Corporation
Order under Section 31(1) of the Competition Act, 2002
- On 18th February 2015, the Competition Commission of India (‘ Commission ’) received a notice under sub-section (2) of Section 6 of the Competition Act, 2002 (‘ Act ’) jointly given by Sabita Sub, Inc. (‘ Sabita ’) and Symphony Teleca Corporation (‘ Symphony ’), pursuant to an Agreement and Plan of Merger dated 22nd January 2015, entered into between Symphony, Harman International Industries Incorporated (‘ Harman ’), Sabita and Symphony Technology Group, L.L.C. (‘ STG ’). Sabita and Symphony are collectively referred to as the ‘ Parties ’.
- The proposed combination relates to acquisition of Symphony by Harman. Pursuant to the Agreement and Plan of Merger, Sabita, a subsidiary of Harman, will merge into Symphony and Symphony being the surviving entity will become the subsidiary of Harman.
Issues for consideration
1 issue framed by the court
Whether the proposed combination of Symphony by Harman is likely to have an appreciable adverse effect on competition in India.
Parties & counsel
- applicant
Sabita Sub, Inc. and Symphony Teleca Corporation
Case details
As recorded by the court registry
- Court
- CCI
- Decided on
- · March
- Case no.
- C-2015/02/248
- Topic
- Arbitration
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