Pegasus Holdings Iii, Llc
CCIC-2022/06/948
A compact analysis
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
¶1
SUMMARY UNDER REGULATION 13 (1A) OF THE COMPETITION COMMISSION OF INDIA (PROCEDURE IN REGARD TO THE TRANSACTION OF BUSINESS RELATING TO COMBINATIONS) , REGULATIONS, 2011 (AS AMENDED)
¶2
(a) Parties to the Combination
¶3
- The parties to the combination are:
¶4
- (i) Pegasus Holdings III, LLC ( Pegasus/ Acquirer ); and
¶5
- (ii) Tenneco Inc. ( Tenneco / Target ).
¶6
- Pegasus and Tenneco are collectively referred to as the Parties .
¶7
(b) Nature and purpose of the Combination
¶8
- The proposed combination relates to the acquisition of the entire shareholding of Tenneco by Pegasus. The proposed combination will also result in the indirect acquisition by Pegasus of Federal-Mogul Goetze (India) Ltd. (a listed company), which is an indirect subsidiary of Tenneco. On account of Pegasus’ acquisition of Tenneco, an open offer to the public shareholders of Federal-Mogul Goetze (India) Ltd., pursuant to the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 ( Takeover Regulations ), has been triggered. ( Proposed Transaction ). A public announcement dated 23 February 2022 for and on behalf of Pegasus under the applicable Takeover Regulations has been issued.
Similar cases
Judgements on the same questions, provisions and authorities, from every court