Crown Holdings, Inc., Usa
Case brief
What is this about?
The Competition Commission of India approved the acquisition of Signode Industrial Group by Crown Holdings, Inc. Finding the parties operate in different packaging sectors with insignificant cross-purchases, the Commission held the combination would not adversely affect competition in India.
What did the court decide?
The proposed combination between Crown Holdings, Inc. and Signode is approved 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-2018/01/549)
7th February, 2018
Notice under Section 6 (2) of the Competition Act, 2002 filed by Crown Holdings, Inc. CORAM:
Mr.Devender Kumar Sikri Chairperson
Mr. U.C. Nahta Member Mr. G.P. Mittal Member
Legal Representative: Shardul Amarchand Mangaldas & Co.
Order under Section 31(1) of the Competition Act, 2002
- On 19th January, 2018, the Competition Commission of India (hereinafter referred to as the “ Commission ”) received a notice filed by Crown Holdings, Inc. (“Crown”/ “Acquirer”) , pursuant to Revised Agreement and Plan of Merger (“APM”) dated 26th December, 2017 entered inter alia , into and between Crown, Cobra Merger Sub, Ltd. (“ Merger Sub ”) and Signode Industrial Group Holdings (Bermuda) Ltd. (“Signode”) .
- The proposed combination relates to acquisition of all shares of Signode by Crown through its wholly owned subsidiary i.e. Merger Sub, which will merge with and into Signode, whereby Merger Sub will cease to exist and Signode will become a whollyowned subsidiary of Crown (hereinafter, Crown and Signode are collectively referred to as “ Parties” ).
Issues for consideration
1 issue framed by the court
Whether the proposed combination between Crown Holdings, Inc. and Signode is likely to have an appreciable adverse effect on competition in India.
Parties & counsel
- applicant
Crown Holdings, Inc.
Coram
Mr. Devender Kumar Sikri
Mr. U.C. Nahta
Mr. G.P. Mittal
Case details
As recorded by the court registry
Similar cases
Judgements on the same questions, provisions and authorities, from every court